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.
Any person who resides in Thailand for up to 180 days, would be subject to personal income tax on foreign assets, including crypto.
Thailand to start taxing overseas income next year, including from crypto
The fund, named KXVC, will target AI, Web3 and deep tech startups with a focus on the Asia-Pacific region.
Second-largest Thai bank creates $100-million AI fund
Victims lost over $27 million worth of Thai baht after investing in a fraudulent cryptocurrency investment platform.
Thai authorities arrest 5 in 3,200-victim, $27M crypto scam
Thavisin was once CEO of Sansiri, one of Thailand’s largest real estate firms, known for backing crypto projects like XSpring.
Thailand’s next prime minister Srettha Thavisin has crypto history
Thailand’s digital minister said he would seek a court order to shut Facebook in the country unless it takes action on the alleged scams.
Thailand threatens Facebook over crypto scams and other fraudulent ads
The bank used the Hedera network to settle payments in South Korean, Thai and Taiwanese currencies in real-time in its second stablecoin pilot project.
South Korean Shinhan Bank completes stablecoin remittance pilot with Asian partners
Investor protection regulations have been under discussion since September 2022 amid the crypto lending crisis that saw firms such as BlockFi and Celsius declar...
Thai SEC bans the use of customer crypto assets for lending and investment