Thailand scraps 15% crypto capital gains tax following public backlash
The Thai Revenue Department had initially intended to tighten oversight of cryptocurrency trading after seeing substantial market growth.
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Thailand Announces Cryptocurrency Will Be Regulated as Means of Payment
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…
Thai regulators team up to issue guidelines on digital assets payments
The joint committee of BOT, SEC and MOF believes the current payment infrastructure is efficient and digital assets would add no extra benefits.
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
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.
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.
IMF chief economist calls for global policy on cryptocurrency
The economist's remarks come as nations around the world consider how to control cryptocurrencies.
Thailand to define ‘red lines‘ for crypto in early 2022
“Cryptocurrencies cannot become a means of payment,” Bank of Thailand governor Sethaput Suthiwartnarueput stated.
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…
Central bank tells Thai banks not to offer crypto trading
The Bank of Thailand doesn’t want local banks or businesses using crypto, while the tourism ministry is still trying to attract crypto whales.