Business partnerships and ventures are important in crypto as they indicate where and when major moves might take place in the near future. That said, several signs are pointing to one particular location at the moment. So what is this country and why is it so special?
Time to curry favor
Thailand may not be the first name that comes to mind when listing out crypto hubs. However, there are plenty of factors that make the case for it.
First and foremost, the Thai administration reportedly decided to trash its proposed 15% tax on cryptocurrency capital gains. This showed the power that crypto investors had when it came to industry-specific policies in their country. Thus, making it an attractive location for entrepreneurs.
Adding to that, data from Finbold revealed that slightly more than 20% of Thailand’s internet users had cryptocurrency holdings, attesting to a high level of…
