- Thailand puts measures in place to actively adopt cryptocurrencies.
- Thailand’s central bank announced their intentions to trial a central bank digital currency in the second quarter of 2022.
- Following Thailand’s approach to adopt digital assets, the Thailand Stock Exchange will add support for the trading of Bitcoin and other digital assets.
Thailand is gaining momentum in the cryptocurrency market as retailers and real estate developers start to accept cryptocurrencies. Instead of trying to slow down the rate of adoption of cryptocurrency amongst citizens of Thailand by banning cryptocurrency trading and mining, the country’s governing bodies are putting a regulatory framework in place.
This framework will implement a 15% capital gains tax on profits for cryptocurrency trading according to an anonymous source inside the Finance Ministry, who disclosed information to the Bangkok Post last month stating that all taxpayers, investors, and mining operators who gained from cryptocurrencies will be subject to a 15% holding tax.
Thailand’s central bank has also expressed its intention to trial ...