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The Thai Cabinet has approved tax relief measures for crypto trading. The new tax rules are “much more friendly to both investors and industry,” said an executive of a cryptocurrency exchange in Thailand. Thailand Adopts New Tax Rules for Crypto Investments Thailand’s Cabinet approved new tax relief rules Tuesday for crypto trading, according to an … Read more
A popular destination for many Russians, Thailand is now looking for ways to facilitate their payments amid widening western sanctions over Moscow’s military invasion of Ukraine. Cryptocurrency is one of the options being explored by the tourism industry as Russian citizens now face financial restrictions. Authorities in Thailand Consider Accepting Cryptocurrency From Russian Visitors Talks … Read more
The revised tax policy exempts crypto traders from the mandatory 7% VAT on authorized exchanges while offering tax exemptions of up to 10 years for crypto startup investors. Go to Source Powered by WPeMatico
Binance has forged an array of new partnerships with regulated firms, especially in countries where it has found it difficult to get regulatory approval. Go to Source Powered by WPeMatico
The Stock Exchange of Thailand is getting ready to launch a digital asset exchange. The president of the Thai bourse expects the country’s crypto regulator, the Thai Securities and Exchange Commission (SEC), to approve the launch “very soon.” Stock Exchange of Thailand Prepares to Launch a Digital Asset Exchange The president of the Stock Exchange … Read more
The SET announced its digital asset exchange early last year, originally planning to avoid cryptocurrencies. Go to Source Powered by WPeMatico
A former Bank of Thailand director has warned about an imminent crypto crash. “A cryptocurrency bubble will emerge at the end of March when liquidity in the financial market drops,” he reportedly predicted. Former Central Bank Director Warns Crypto Market Will Soon Crash Former Bank of Thailand (BOT) Director Anusorn Thammajai reportedly warned that the … Read more
The Thai Revenue Department had initially intended to tighten oversight of cryptocurrency trading after seeing substantial market growth. Go to Source Powered by WPeMatico
Thailand has announced that cryptocurrency will be regulated as a means of payment for goods and services “to avert potential impacts on the country’s financial stability and economic system.” The announcement was issued by the Bank of Thailand, the Thai Securities and Exchange Commission, and the Ministry of Finance. Cryptocurrency Will Be a Means of … Read more
The joint committee of BOT, SEC and MOF believes the current payment infrastructure is efficient and digital assets would add no extra benefits. Go to Source Powered by WPeMatico