Crypto taxation could deter investors, says Thai ruling party MP
Thai ruling party MP calls for due diligence from Excise Department to study the crypto market carefully before imposing any tax Go to Source Powered by WPeMatico
thailand
Auto Added by WPeMatico
Binance eyes Thailand for latest crypto exchange expansion
Binance has locked in an agreement as Thai government officials expedite crypto regulations which could pave the way for the firm to open a branch in the Kingdom. Go to Source Powered by WPeMatico
From tuk tuks to COVID tests, YouTuber tests Bitcoin use cases across multiple countries
Under the handle “Paco De La India”, the YouTuber said he planned to visit 40 countries, often using Bitcoin transactions to pay for everything he needed. Go to Source Powered by WPeMatico
Political Parties in Thailand Voice Opposition to Government Plan to Tax Crypto Gains
As Thailand prepares to impose a levy on crypto profits, parties on both sides of the aisle have expressed concerns over the government’s current proposal. A number of political figures have insisted that important aspects need to be clarified in order to avoid double taxation of income related to cryptocurrencies. Thai Politicians Warn About Negative … Read more
Crypto Investors in Thailand to Pay 15% Capital Gains Tax, Report Unveils
Crypto-related profits, such as those resulting from the trading of digital currencies, will be taxed at a rate of 15%, a finance ministry official has revealed to the local press in Thailand. After last year’s significant market growth, the department intends to improve surveillance of crypto trade in 2022. Thailand Urges Crypto Traders to Report … Read more
Crypto trades in Thailand now reportedly subject to 15% capital gains tax
While Thai crypto investors and miners are required to pay the tax in 2022, exchanges are reportedly exempt from the new duty. Go to Source Powered by WPeMatico
Crypto mining reportedly rises in Thailand due to Chinese crypto ban
Thailand is among the countries capitalizing on China’s crypto crackdown, with retail investors increasingly mining crypto. Go to Source Powered by WPeMatico
IMF chief economist calls for global policy on cryptocurrency
The economist’s remarks come as nations around the world consider how to control cryptocurrencies. Go to Source Powered by WPeMatico
Thailand to define ‘red lines‘ for crypto in early 2022
“Cryptocurrencies cannot become a means of payment,” Bank of Thailand governor Sethaput Suthiwartnarueput stated. Go to Source Powered by WPeMatico
Thailand Doesn’t Prohibit Crypto Use for Payments but Warns of Price Fluctuation
Bank of Thailand’s officials say that using cryptocurrency as a means of payment is not illegal. However, they added that users “must be able to accept the risks,” including price fluctuation. Using Crypto to Pay for Goods and Services Is Not Illegal in Thailand Sakkapop Panyanukul, senior director at the Bank of Thailand (BOT)’s Monetary … Read more