News
The Bangkok-based holding company has identified digital infrastructure and “digital-asset related initiatives” as priority areas.
4920
Thailand News
Thailand is a country in Southeast Asia with an area of 513,000 kilometers and a population of 68 million. Thailand has an emerging economy and is currently going through industrialization. However, Thailand is one of the major economies in Southeast Asia — second after Indonesia in terms of GDP. Thailand’s economy is based on computer components, the automotive industry, petroleum and agriculture. Bitcoin is legal in Thailand, though Thailand’s cryptocurrency exchanges and financial institutions are under some regulations. Thailand’s Bitcoin exchanges can only exchange digital currencies for Thai baht and need a Business Development Department license to perform such operations. Initial Coin Offerings are totally legal in Thailand and the SEC of Thailand even encouraged the funding of businesses with ICOs, but all those operations should be performed with the execution of all regulatory requirements.
- News
Since December 2021, the government of Thailand has been working on preparing a new regulatory framework by defining “red lines” for the crypto industry.
4956 - News
Global regulators continue asking crypto exchanges to comply with sanctions against Russia as the country itself has no legal crypto trading platforms.
3272 - News
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.
2966 - News
Binance has forged an array of new partnerships with regulated firms, especially in countries where it has found it difficult to get regulatory approval.
8630 - News
The SET announced its digital asset exchange early last year, originally planning to avoid cryptocurrencies.
3439 - Opinion
From Singapore to Thailand and Indonesia: Asia’s crypto landscape continued to thrive, unabated by China’s sudden crackdown.
11307 - News
The Thai Revenue Department had initially intended to tighten oversight of cryptocurrency trading after seeing substantial market growth.
4067 - News
The joint committee of the BOT, SEC and MOF believes the current payment infrastructure is efficient and digital assets would add no extra benefits.
1460 - Regulations
Thai ruling party MP calls for due diligence from Excise Department to study the crypto market carefully before imposing any tax.
1658 - News
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.
2935 - Interview
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.
3480 - News
The Thai Revenue Department is looking to impose a 15% capital gains tax on crypto trading.
2311 - News
The Thai revenue department will expedite tax criteria as traders and businesses seek further clarity.
5353 - News
While Thai crypto investors and miners are required to pay the tax in 2022, exchanges are reportedly exempt from the new duty.
3388