Thailand Intends to Tax Foreign Income Including Crypto
The Revenue Department of Thailand intends to impose a personal income tax on the foreign earnings, including those from cryptocurrency trading, of anyone residing in Thailand for more than 180 days. According to a September 19 Bangkok Post report, the new rule will take effect on January 1, 2024, and the first tax forms, including […]
Facebook faces Possible Ban In Thailand over Crypto Scam Ads
The Thai government has threatened to ban Facebook in the country unless the platform stops allowing fraudulent crypto investment ads that have affected more than 200,000 people. The Ministry of Digital Economy and Society has given Facebook until the end of the month to comply with its demands or face legal action.Crypto scam ads rampant […]
Thailand SEC Eases ICO Restrictions
Thailand’s SEC has announced plans to ease restrictions on retail investments in ICOs to boost digital investments in the country. The SEC formally declared on March 30 that the Thai securities regulator is willing to lift the 300,000 baht ($8,800) per person cap for asset-backed ICOs in order to permit larger investments in infrastructure and […]
Thailand SEC to impose strict guidelines for crypto-related ads
Thailand’s Securities and Exchange Commission (SEC) is set to impose strict regulations on cryptocurrency-related adverts in the country. By email, the Thai SEC reminded cryptocurrency-related companies operating there that, as of September 1, all consumer-facing advertisements for digital currencies must include unambiguous investment warnings. Later, the announcement was published on the SEC website. In response […]
Thailand-based Gulf Energy partners with Binance to operate a crypto exchange
Thailand-based Gulf Energy has made significant investments in cryptocurrency exchange Binance US and has also highlighted its pursuit of a joint venture with the global Binance exchange. Binance cryptocurrency exchange has created a joint venture with Gulf Energy Development , owned by billionaire Sarath Ratanavadi, and will apply for a license to run a digital […]