$BTC ๐น๐ญ Thailand Officially Applies 0% Capital Gains Tax For Bitcoin Transactions!
According to Odaily, a Bitcoin Historian shared that Thailand now applies a 0% capital gains tax rate for BTC transactions conducted on the national exchange.
๐ฅ Huge significance:
BTC transactions in Thailand are not subject to profit tax
Attracting legalized crypto capital flows โ new money flows can flow into the regional market
Creating a big competitive advantage compared to many other Asian countries
๐ Market impact:
The 0% capital gains tax policy is always a strong boost for trading activities, especially in the context of the market preparing to enter the year-end period - a period with many big fluctuations.
๐ Traders are expecting this to be a FOMO explosion from the ASEAN region, leading to a strong increase in liquidity in BTC and large assets.
