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The Thai government has approved the easing of tax rules for digital assets in order to promote and develop the industry. The move comes amid a surge in cryptocurrency trading in the kingdom, according to a Reuters report. Finance Minister Arkhom Termpittayapaisith says the relaxed rules means cryptocurrency traders can offset annual losses against gains in the case of taxes due on crypto investments, as well as exempting VAT of 7% for cryptocurrency trading on authorised exchanges. The exemption is effective from April 2022 to December 2023 and also includes trading of retail central bank digital currency to be issued […]

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