Bitcoin Tax Landscape Diversifies: Zero in Thailand, 47% in Spain

The taxation of cryptocurrencies continues to be a contentious topic, and the latest news highlights divergent approaches from two countries. While Thailand is implementing a zero-tax regime on Bitcoin profits traded through licensed exchanges, Spain’s left-wing Sumar coalition proposes significantly increasing cryptocurrency taxes to 47%. This contrasts sharply with Thailand’s focus on attracting investment, aiming to position itself as a hub for crypto assets.