Thailand Welcomes Retail Investors in Infrastructure-backed Digital Tokens
Thailand’s Securities and Exchange Commission (TSEC) has lifted its previous restrictions on Retail investors from acquiring digital tokens backed by real estate or infrastructure initiatives. Published in the Royal Gazette on January 16, 2024, the revised regulations eliminate this restriction, thereby granting greater autonomy to retail investors in their investments within the market for infrastructure-backed […]
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 […]
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 […]
Thailand’s largest shopping mall to experiment with digital currency
Central Retail Corp., a major retailer in Thailand, is experimenting with digital currency among its employees. According to a Bloomberg article, after the sandbox phase is completed, the retail giant aims to expand the service to consumers and the wider public. The “C-Coin ,” a blockchain-based cryptocurrency, is being offered to 80,000 Central Retail Corp […]
Safeguards for a future retail CBDC outlined by Thailand’s central bank
The Bank of Thailand has released the findings of a new study on how to handle the financial sector’s implications of issuing a retail central bank digital currency (CDBC). The results of a new study from the Bank of Thailand point to three key considerations for making sure a retail central bank digital currency doesn’t […]