Thai Crypto Tax Exemption Attracts Investors as AI Restrictions Hinder Defenders

Thailand has introduced a five-year exemption from capital gains tax on cryptocurrency sales made via platforms licensed by the country's Securities and Exchange Commission. The exemption, which applies to transactions between January 1, 2025, and December 31, 2029, aims to boost Thailand's attractiveness as a regional crypto hub.

The scheme aligns the tax treatment of crypto with capital gains from traditional securities in the country. However, trades on unlicensed or overseas exchanges will still face standard personal tax rates as high as 38%.

In related news, Bitcoin Red Team founder Rob Hamilton has been forced to rely on open-source Chinese AI models after being restricted from analyzing codebases by OpenAI. This highlights a growing concern that the most capable AI tools are not being made available to defenders.