The government says the tax debt will be slashed by 50% in response to a pro-rated drop in cryptocurrency prices after the obligations were set.
Category: laos
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Laos halts electricity supply to crypto mining projects amid drought
The drought that the country experienced in the first half of 2023 resulted in higher electricity demand and lower power generation capabilities from hydropower plants.
10 Southeast Asian Nations Challenge Dollar Dominance With Push for Local Currencies
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India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar
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Laos Licenses 2 Cryptocurrency Trading Platforms
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Laotian govt budget expected to gain $194M from crypto miners by 2022
Lawmakers reportedly plan to use the extra revenue for “priority programs,” including paying down the national debt and responding to the pandemic.
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Laos partners with Soramitsu on CBDC research as regulated crypto mining begins
Soramitsu, the firm that helped build Cambodia’s Bakong digital payments system, will work with the Laos government to research what a Laotian CBDC might look like.
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Laos to Study Digital Currency With Help From Japanese Fintech, Report Reveals
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Laos Authorizes Cryptocurrency Mining and Trading Activities
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Super Rich: Popular Thai Foreign Exchange Chain to Add Cryptocurrencies
Superrich International Exchange, a popular foreign currency exchange chain in Thailand, has reportedly revealed a plan to begin offering travelers cryptocurrency exchange service in addition to 32 fiat currencies. The company has 49 locations in Thailand, one in Cambodia, one in Britain, and is also in talks with regulators to start operations in Laos. Also […]
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