Thailand has scrapped capital gains taxes on cryptocurrency transactions in a sweeping move to position itself as a regional digital asset hub, while a group of security researchers probing Bitcoin's resilience says it has been pushed toward open-source Chinese AI models after being cut off from mainstream Western tools.
Thailand Bets on Zero Tax to Lure Crypto
Thailand has moved to eliminate capital gains taxes on crypto transactions, a policy shift aimed at attracting investors, traders and blockchain firms to the country. The initiative reflects a broader ambition among Southeast Asian nations to establish themselves as friendly jurisdictions for digital assets amid tightening regulation elsewhere.
By waiving the tax burden that typically accompanies crypto profits, authorities hope to draw activity and capital that might otherwise flow to competing financial centers. The measure is designed to encourage both domestic participation and foreign inflows into the local digital economy.
A zero percent tax rate is one of the boldest incentives a nation can offer in the global race to attract crypto capital.
The policy positions Thailand alongside a small group of jurisdictions offering aggressive tax breaks to court the industry. Whether the strategy pays off will depend on how it interacts with the country's wider regulatory framework and its ability to provide clarity and stability for market participants.
Bitcoin Red Team Turns to Chinese AI
Meanwhile, the Bitcoin Red Team — a collective focused on stress-testing the network's security — says it has been forced to fall back on open-source Chinese artificial intelligence models after losing access to certain restricted tools. The team reported that OpenAI limited its access, prompting the switch.
The episode underscores a growing tension between AI providers and researchers working in sensitive or adversarial security domains. When access to leading proprietary systems is curtailed, users often migrate to open-source alternatives that impose fewer restrictions on how they can be deployed.
Key takeaways from the developments include:
- Thailand set its crypto capital gains tax to 0% in a bid to become a crypto hub
- The Bitcoin Red Team pivoted to open-source Chinese AI after OpenAI restricted its access
- Both stories highlight how policy and platform decisions shape crypto activity across Asia
The reliance on Chinese open-source models illustrates how the AI landscape is fragmen