Thailand Considers Opening Door Wider To Crypto Futures In Licensing Revamp
Kraken and Coinbase moved first. Both crypto exchanges rolled out perpetual futures tied to equities for non-US users earlier this year, part of a broader push toward round-the-clock, multi-asset trading. Now Thailand is adjusting its own rulebook to keep pace. Related Reading: Arbitrum Acts Fast: $71M In Ether Locked After Kelp Security Breach A Shift […]
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Thailand based bitcoin exchange Bitcoin.co.th has relaunched as a full exchange after months spent offline and in testing, with a focus on security and ease of use, according to its founders. That Thailand has open exchanges at all is significant, given the country's ongoing reputation in some media as a bitcoin-unfriendly jurisdiction. Bitcoin.co.th went offline in July last year after the Bank of Thailand supposedly indicated that bitcoin was not legal. The central bank then suggested in March that bitcoin was risky but not necessarily illegal in the country, opening the door to....
Thailand is reportedly preparing to mandate in-person, “dip-chip” AML verifications before opening local bitcoin exchange accounts.
Coins has launched its second bitcoin startup in Southeast Asia with the formal opening of Coins.co.th in Thailand. The startup has been exchanging baht and bitcoin in Thailand since its soft launch in June, when it received its e-commerce registration from the Huay Khwang District Office. Jaturong Jantarangs, the Bank of Thailand's senior director of the payment systems policy department, recently told the Bangkok Post that trading bitcoins for baht does not require approval or a license from the country's central bank. As such, Coins claims that its new exchange is now "fully legal"....
In search of ways to heal its travel industry, hurt by the pandemic, Thailand is now recognizing an opportunity to tap into a growing market of cryptocurrency holders. Fostering a “cryptourism atmosphere” is what the country’s tourism agency intends to do, including by minting a new token and facilitating bitcoin card payments.
Tourism Board of Thailand Plans to Employ New Coin to Spur Demand From Crypto Market
Pondering how to capitalize on the expanding global crypto user base, the Tourism Authority of Thailand (TAT) has pitched the idea of issuing its....
Authorities in Thailand have formally introduced a value-added tax (VAT) exemption for transfers of cryptocurrencies through government-approved exchanges. The tax break, in force until the end of next year, will also apply to digital currency issued by the Bank of Thailand. Royal Decrees Enforce VAT Exemption for Crypto Trading in Thailand Investors moving cryptocurrencies and digital tokens through exchanges in Thailand will benefit from a 7% VAT exemption on such transactions. A decree published in the Royal Gazette on Tuesday enforced the tax break retroactively from April 1, 2022. It....