The new rules are due to come into force on March 16.

The regulator consulted with local crypto market participants before updating its digital asset regulations and approving the USDT stablecoin as a means of payment within the country.

Tether reported that the decision of the Thai SEC will strengthen the company's position in the local market. Representatives of the issuer noted that Thailand is among the top 20 countries in terms of digital asset adoption, and USDT accounts for approximately 40% of cryptocurrency trading volumes in the country.

Earlier, Thailand's top financial regulator said it was exploring the possibility of launching local Bitcoin exchange-traded funds (ETFs) that would be available to both institutional investors and individuals.

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The calculator is available for free, but is in beta testing. For a fee, users can get a report that meets the requirements of tax authorities in a particular jurisdiction. An annual paid subscription is also available, the MetaMask team said.

To use the service, one must go to the MetaMask website, create an account and register, and then select a jurisdiction. The client must then specify the cryptocurrency wallet or crypto exchange they use, upload transaction data to Excel or Google (NASDAQ: GOOGL ) Sheets.

The service currently covers 23 jurisdictions, including the US, Canada, Australia, Japan, New Zealand, Singapore, South Africa, Brazil, Germany, France, Italy, and the UK. Reports are available in five languages.

MetaMask developers previously updated their 2025 roadmap to include support for Bitcoin in the company's wallet , as well as Solana ecosystem tokens and applications . Solana integration is scheduled for May, with Bitcoin compatibility promised for July-September.

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Matt Hougan, head of investment at Bitwise, believes that the creation of a Bitcoin fund and a reserve of digital assets in the US will benefit cryptocurrencies.

After US President Donald Trump signed an executive order on March 6 establishing state cryptocurrency funds, many leading digital assets fell sharply in price. The reason for the dump is that the politician did not order the purchase of coins with budget funds, which many members of the crypto community had hoped for.

But Hougan wasn't upset and said Trump's order was a bullish signal because the very fact of establishing a Bitcoin reserve fund:

Greatly reduces the likelihood of a BTC ban in the US;
Significantly increases the chance that other countries will also create strategic reserves of bitcoins;
Increases the speed at which governments around the world will consider the idea of ​​establishing Bitcoin funds;
Complicates the process of assigning Bitcoin the status of a dangerous asset that is not suitable for storing capital.
Matt Hougan

In addition to the US, state bitcoin funds have been created in El Salvador and Bhutan. Salvadorans invest in BTC, hoping to increase their capital, and since the start of investments in October 2021, they have earned unrealized profits on the cryptocurrency in the amount of 90%. In Bhutan, they mine BTC and spend the coins earned on the implementation of socially significant programs, for example, the provision of free medical services.

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