Thailand Ditches Crypto Tax as Bitcoin Red Team Turns to Chinese AI

Thailand has introduced a five-year exemption from capital gains tax on cryptocurrency sales for investors who use platforms licensed by the country's Securities and Exchange Commission. The move aims to boost Thailand's status as a regional crypto hub, with the government hoping to attract more digital nomads and talent.

The exemption applies to sales made between January 1, 2025, and December 31, 2029. However, trades on unlicensed or overseas exchanges will still be subject to standard personal tax rates of up to 38%.

In a separate development, Bitcoin Red Team founder Rob Hamilton has been forced to use open-source Chinese AI models after being restricted from analyzing codebases by OpenAI. Hamilton expressed his disappointment at having to rely on Chinese AI, but acknowledged that 'black hats' would not face the same restrictions as white hats like himself.

The Bitcoin Policy Institute and a group of blockchain firms have called for frontier AI labs to establish a clear pathway for qualified open-source and digital asset defenders to access their strongest capabilities.