Thailand’s 0% crypto tax. Bitcoin Red Team forced to use Chinese AI: Asia Express

The article is a regional crypto roundup with several policy and security developments that could shape adoption and compliance across Asia. Thailand introduced a 0% capital gains tax on crypto sold via licensed platforms for five years starting Jan. 1, 2025, aiming to attract investors and position itself as a crypto hub. Japan’s FSA asked exchanges to add withdrawal delays and other safeguards to combat scams, while Taiwan plans Travel Rule requirements for domestic crypto transfers from October. On the security side, a US court backed Bybit’s effort to trace funds from the $1.5 billion North Korea-linked hack, though most stolen assets remain untraceable. The piece also notes APAC onchain transaction volume jumped 68% year over year to $2.36 trillion. For Bitcoin specifically, the Red Team founder said OpenAI access restrictions forced him to use Chinese open-source AI models for defensive research. Overall, the article is supportive for long-term crypto adoption in Asia but highlights growing regulatory scrutiny and security risks.