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Thai SEC tech consultant admits necessity of reviewing crypto tax framework as crypto business owners react negatively to proposed capital gains tax. #NEWS Go to Source Powered by WPeMatico
Capital gains taxes will always remain a controversial topic. This is especially true in Thailand, by the look of things, as the cryptocurrency community wants the nation’s Finance Ministry to rethink its guidelines in this regard. For most people, this is also an effort to create a more lenient ecosystem for initial coin offerings. Thailand’s Crypto Capital … Read more
Omise, OmiseGO announce a Memorandum of Understanding with an affiliate of major South Korean bank Shinhan Financial Group #NEWS Go to Source Powered by WPeMatico
After the Chinese government banned local bitcoin exchanges from operating in the country some industrious people have begun going abroad to buy the cryptocurrency and reselling it in China for a premium. There are now so many of these ‘bitcoin mules’ that their profit margins are rapidly declining. Also Read: Okex Fights Market Manipulation … Read more
It is evident the cryptocurrency industry has sparked many debates regarding the future of money. Thailand has always been an interesting country when it comes to regulating this new form of money, as there seems to be no streamlined approach. That is coming to change, as the nation’s military regime wants to begin taxing cryptocurrencies in the near … Read more
Thailand releases long-expected crypto tax regulations, former Thai Finance Minister warns against “conservative instincts” leading to “draconian regulations” #NEWS Go to Source Powered by WPeMatico
The Thai cabinet has approved a draft decree to regulate cryptocurrencies and initial coin offerings. The definition of digital assets has been modified from the previous draft but the tax structure remains. All crypto businesses must obtain licenses and report information to the anti-money laundering office. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With … Read more
A look inside Thailand’s battle to regulate crypto and ICO #ANALYSIS Go to Source Powered by WPeMatico
Thai regulators have reportedly agreed to enact two separate laws on cryptocurrencies and initial coin offerings. They will regulate crypto businesses, the purchase and sale of cryptocurrencies, as well as their taxation. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Two Laws Being Drafted The Thai Minister of Finance, Mr. Apisak Tantivorawong, said … Read more
Digital assets in Thailand could shortly gain regulatory clarity as new drafts issued. #NEWS Go to Source Powered by WPeMatico
