Thailand approves a five-year income tax exemption on crypto

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 17 2025

Should l Buy SIREN?

Tax Exemption for Digital Asset Trading: The Thai cabinet has approved a personal income tax exemption on profits from trading digital assets through regulated exchanges, effective immediately and lasting until 2029, aiming to boost the country's position in the blockchain and digital currency sector.
Regulatory Oversight and Investor Protection: While the tax relief is seen as a positive move for attracting investment, experts express concerns about potential risks associated with speculative capital and inadequate regulation, prompting the Thai SEC to maintain strict licensing standards and enhance protections for crypto investors.

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Technical Analysis for SIREN

Technical Sentiment Analysis for siren (SIREN) As of , siren (SIREN) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SIREN stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, SIREN is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

siren (SIREN) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	-0.359	-0.154	-0.0241	0.181	0.311	0.516	0.646
Fibonacci	-0.154	-0.0257	0.0534	0.181	0.309	0.388	0.516

About SIREN

tep into the mystique of ancient lore reimagined for the digital age with SirenCoin (ticker: SIREN). Drawing inspiration from the legendary sirens of Greek mythology—those enchanting beings from Homer’s Odyssey whose celestial songs both bewitched and warned—the project channels their dual nature into an innovative crypto experience. Discover a coin/token that’s as captivating as it is cutting-edge. At the heart of SirenCoin lies SirenAIAgent, an AI-powered entity with a dual personality: Golden Persona: Gentle, introspective, and determined, offering steady, well-considered guidance. Crimson Persona: Fiery, bold, and radically dynamic, ready to lead the daring on high-risk, high-reward ventures.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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