Archive | thailand

Clearer Ground Rules for Thai Crypto Space

Thailand has clarified its position and some new rules regarding the holding and purchasing of cryptocurrencies in a royal decree published on 13 May on a royal gazette, according to the Bangkok Post. The Royal Thai Government Gazette, frequently abbreviated Government Gazette (GG) or Royal Gazette, is the public journal and newspaper of record of Thailand. […]

Thailand Introduces Cryptocurrency Regulation and 15% Capital Gains Tax

Thailand is looking to enforce its own version of regulation regarding cryptocurrencies. That is much easier said than done, as this new form of money doesn’t adhere to existing guidelines. As was to be expected, the new regulations on cryptocurrencies and ICOs are rather strong. In fact, anyone violating these laws faces major fines and even jail sentences. […]

Dark Days Loom For Thailand’s ICO Industry, but Individual Crypto Tax Waived

Battle lines are being drawn across Asia with nations deciding whether to embrace blockchain and cryptocurrencies or suppress them. China and India have made their positions clear with a series of crackdowns on the industry while South Korea is finally taking a more positive outlook and may even allow initial coin offerings once again. Thailand,… […]

Thai Stock Exchange Launches Blockchain for Crowdfunding

The Stock Exchange of Thailand (SET) has announced the launch of a blockchain-powered crowdfunding platform to facilitate startups and small enterprises in the Southeast Asian country, CCN reports. The platform, known as LiVE, plans to provide a “complete startup ecosystem” which will also provide education for new businesses and easier access to institutional investors. So […]

Thailand, Latest Addition to Asian Cryptocurrency Tax and Regulation Movement

Thailand is the latest country in the Asia region to start levying taxes on cryptocurrencies, despite receiving some opposition from the Thai Blockchain associations. The news arrives as other countries in the region and around the world ramp up legal and regulatory efforts. Value-Added Tax and Capital Gains In early April 2018, Thailand’s Ministry of […]

Thai Regulators Reject Request to Revamp Cryptocurrency Taxation Guidelines

Various digital asset operators in Thailand have submitted a request to remove capital gains taxes on cryptocurrencies. Unfortunately, that request has been denied by the country’s Revenue Department. The 15% withholding tax on digital asset trades will remain in place for the foreseeable future, which may hinder the country’s chances of making a positive impact in […]

Crypto Enthusiasts Demand Thailand’s Finance Ministry Revamp Taxation Guidelines

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 […]