THAILAND
Thailand introduces 0% capital gains tax on crypto
For the next few years crypto investors in Thailand won’t have to pay any capital gains taxes on sales made via platforms licensed by Thailand’s Securities and Exchange Commission. The exemption is for five years and covers the period of January 1 2025, through to December 31 2029.
The scheme aims to boost Thailand’s attractiveness as a regional crypto hub, and it’s already home to a growing community of crypto digital nomads
However trades on unlicensed or overseas exchanges will still face standard personal tax rates as high as 38%. The exemption aligns the tax treatment of crypto with capital gains from traditional securities in the country.
Thailand previously waved 7% value added tax on crypto gains in early 2024.
CHINA
Bitcoin Red Team founder turns to Chinese AI
Bitcoin Red Team founder Rob Hamilton has been forced to rely on open-source Chinese AI models after finding himself restricted from analyzing codebases by OpenAI, highlighting a growing concern that the most capable AI tools aren’t being made available to defenders.
“It absolutely guts me as a patriotic American to have to do this, but I will be going back to using Chinese open source models to conduct my research to protect Bitcoin infrastructure,” he said.
“Black hats will not hit these issues. The white hats will. We’ve hit a local minima in policy,” said Hamilton. “Intelligence is unrestricted for those who don’t follow rules, and those who engage in harm reduction are left on the sidelines.”
The Bitcoin Policy Institute and an alliance of blockchain firms subsequently issued a call to “frontier AI labs to establish a clear, trusted pathway for qualified open-source and digital asset defenders to access their strongest capabilities.”
Source: Rob Hamilton
CHINA NEWS IN BRIEF
— A man in Shenzen was convicted of attempted extortion after he stole confidential R&D data from his company and then posed as an overseas hacker to demand a ransom paid in Bitcoin.
ASIA PACIFIC
APAC region sees big jump in onchain transactions year-on-year
A new report from Hashed Open…
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