Tag: Thailand regulation

  • thailand
    Industry

    Thai Regulators Asked to Ease New Cryptocurrency Taxes

    Players in Thailand’s crypto markets have petitioned the Finance Ministry to either delay or waive altogether a combined 22% tax burden aimed at dissuading investors from putting money into ICO’s and cryptocurrency within the Kingdom. Reformers Seek Changes in New Thai Tax Before it Takes Effect On March 29,...

    John McMahon | April 17, 2018 | 5:00 am
  • Industry

    New Taxes Could Spell End of Cryptocurrency Trading in Thailand

    Thailands new Royal Decree on regulating the transactions of digital assets was passed on March 27, granting potential ICOs an additional 30 days to inform the SEC of their plans while raising the capital gains tax and adding 7% VAT to all digital trades. Thai Crypto Traders Face...

    John McMahon | March 29, 2018 | 3:29 am
  • Thailand
    Industry

    Bank of Thailand Implementing Blockchain, Remains Firm on Crypto Regulation

    The bank of Thailand has announced its plans to use blockchain technology to improve services while lowering operating costs and tightening security but will keep cryptocurrency regulations in place. BoT Integrating into International Ecosystem Veerathai Santiprabhob Thailand’s Central Bank Governor spoke at Thai FinTech Fair 2018 on Monday outlining...

    John McMahon | March 20, 2018 | 6:33 am

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