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“# Crypto taxation could deter investors, says Thai ruling party MP ” Thailand’s Committee on Monetary Affairs, Finance, Financial Institutions and Financial Market conducted a virtual meeting to discuss various aspects of crypto taxation. The ruling party MP Watanya Wongopasi posted a summary of the discussion on her Facebook page and urged the Excise department…
“# Binance eyes Thailand for latest crypto exchange expansion ” Binance is looking to re-establish crypto exchange services and possibly open a new branch in Thailand after signing an agreement with Gulf Energy Development PCL. Gulf Energy Development PCL is a Thai holding company run by billionaire Sarath Ratanavadi that focuses on the energy sector….
“# From tuk tuks to COVID tests, YouTuber tests Bitcoin use cases across multiple countries ” A YouTuber started a journey in September to see whether he could survive solely on Bitcoin as a means of payment while traveling to 40 different countries. Speaking to Cointelegraph on Monday, YouTuber Paco De La India — or…
“# Thailand government to clear up crypto tax confusion ” Thailand is fast-tracking its crypto tax plans as it readies regulations for digital asset traders this month in an effort to provide further clarity on crypto-related activities. The Thai revenue department’s director-general has stated that clear criteria for calculating taxes on crypto trading profits will…
“# Crypto trades in Thailand now reportedly subject to 15% capital gains tax ” The government of Thailand is progressing in regulating the local cryptocurrency ecosystem by reportedly enacting new tax rules for the industry. Profits from crypto trading in Thailand are now subject to a 15% capital gains tax, The Bangkok Post news agency…
“# Crypto mining reportedly rises in Thailand due to Chinese crypto ban ” Retail cryptocurrency mining in Thailand has apparently received a boost due to the capitulation of Chinese miners triggered by the country’s new crypto mega ban enforced in September. Thai entrepreneurs and cryptocurrency businesses have been increasingly capitalizing on Chinese miners getting rid…
“# IMF chief economist calls for global policy on cryptocurrency ” Gita Gopinath, the chief economist of the International Monetary Fund (IMF), has called for a global policy to be put in place that will regulate cryptocurrency, instead of banning it. Pitching for a global policy, Gopinath, who will soon take charge as the deputy…
“# Thailand to define ‘red lines‘ for crypto in early 2022 ” The government of Thailand is preparing a new regulatory framework for cryptocurrencies like Bitcoin (BTC) in order to minimize risks and improve investor protection. The Bank of Thailand (BoT) will release a consultation paper in January that will define “red lines” for the…
“#This luxury holiday home is every grown-up & child’s dream with an architecture designed to deliver ultimate fun!” If you have ever dreamed of having a treehouse, a pool, a slide, and more in your house but gave it all up because grown-ups can’t have fun, then do I have good news for you! PLA2…
“# Central bank tells Thai banks not to offer crypto trading ” The Bank of Thailand has stated that it does not want commercial banks to be directly involved in the trading of crypto assets. The edict came from central bank senior director Chayawadee Chai-Anant on Dec. 7 who cited risks associated with high price…