Musk: Tesla will accept DOGE payments “at some point”; the country encourages token financing and cryptocurrency gains are tax-free.

Musk: Tesla will accept DOGE payments 'at some point'

According to a video posted by Dogecoin evangelist Sir Doge of the Coin on social media Tesla will accept DOGE payments "at some point," Schneider said. Musk also explained why he supports DOGE, "When I walk around the Tesla factory, a lot of normal people say 'Hey, can you support DOGE?' Even normal people who work at the SpaceX factory say 'Please Support DOGE'. I think DOGE is people's crypto, and a lot of rich people support Bitcoin, but I will support DOGE because DOGE is for ordinary people."

Affected by this news, DOGE exceeded US$0.18 and is now trading at US$0.186, with an intraday increase of 11.87%. CoinMarketCap data shows that the market value of DOGE exceeded US$25 billion in a short time. At the time of writing this article, it hit US$25,699,530,887, surpassing Avalanche and rising to the ninth place in the cryptocurrency market value. Bit.

Thailand encourages token financing and cryptocurrency gains are tax-free.

Thailand’s cabinet on Tuesday approved tax exemptions on cryptocurrency gains to encourage financing through investment tokens. Under this exemption, investment token holders who have had 15% capital gains tax withheld are not required to include profits in calculating income tax, essentially ending double taxation. Kulaya Tantitemit, director of the Thai Tax Department, said that the Ministry of Finance, through the tax department, recognized the importance of digital tokens for investment (investment tokens), which will become another tool for operators in the country to raise funds.