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Today in crypto, Thailand has scrapped taxes on income from the sale of cryptocurrencies for five years, Bitcoin shed some of its gains amid reports that US President Donald Trump called the National Security Council to the White House’s situation room amid escalating conflict in the Middle East, and crypto exchanges Coinbase and Gemini are pursuing licenses to operate in Europe.
Thailand has approved tax exemptions on income from the sale of cryptocurrencies like Bitcoin for five years, according to a Ministry of Finance announcement.
Thailand will waive the capital gains tax on crypto sales made through licensed crypto asset service providers in the period from Jan. 1, 2025, to Dec. 31, 2029, Deputy Finance Minister Julapun Amornvivat said in a statement issued on Tuesday.
