Tag Archive: Thailand

  • Altcoin News, Bitcoin Regulation, Legislation, News, News teaser

    Thailand Temporarily Bans ICOs, Waives Cryptocurrency Tax

    Following new cryptocurrencies regulations that came into force Monday, Thailand is grappling with how to regulate and tax the burgeoning market as the public weighs in. Regulations on the Horizon The Thai government will waive the previously planned 7 percent value-added tax (VAT) for individual cryptocurrency investors and temporarily prohibit any new initial coin offerings (ICOs), national media reported Wednesday. “After the digital asset decree became effective on Monday, new ICOs cannot be launched until related regulations

    · May 19, 2018 · 2:00 pm
  • Altcoins, Bitcoin, Bitcoin Regulation, News, News teaser

    Thailand Officially Begins Regulating Cryptocurrency as Digital Assets

    A law concerning cryptocurrencies came into force on Sunday, May 13th, stipulating that virtual currencies are to be treated as digital assets. The framework had been put together earlier this year but it has come into effect yesterday. Thailand Begins Regulating Crypto This year has been quite dynamic for the crypto field in Thailand. Back in February, the Bank of Thailand barred banks from investing in or selling digital currencies, grant loans to their clients

    · May 16, 2018 · 1:00 am
  • Altcoins, Bitcoin, Bitcoin Regulation, Bitcoin Taxes, News, News teaser, Start-Ups

    Crypto Investors in Thailand Will Get Taxed

    After the Bank of Thailand ordered the country’s financial institutions to steer clear of cryptocurrency, its military government has now advised that cryptocurrency taxes are on the cards. Thailand has previously been hesitant to take decisive action against cryptocurrencies. However, 2018 has seen this on-the-fence stance change. February saw the country’s financial institutions put an end to offering crypto-related services, while earlier this month saw authorities suggest that virtual currencies would soon be subjected to

    · March 31, 2018 · 2:00 pm
  • Thailand TDAX exchange stops ICO trading Bitcoin Exchange, Bitcoin Regulation, News, News teaser

    Thai Exchange TDAX Halts ICO Trading

    Regulators and banks in Thailand are slowly turning the screws on privately owned crypto exchanges operating within the Kingdom. Thai Digital Asset Exchange (TDAX) is the first to postpone registration and trading of new ICOs while it waits for a clearer regulatory framework from the Securities and Exchange Commission.  Bank Account Barred The move comes just a few days after one of the country’s leading banks halted transactions involving trading of cryptocurrencies with the TDAX.

    · February 26, 2018 · 5:30 am
  • Altcoins, Bitcoin Regulation, News, News teaser

    Thailand Finance Minister: ‘Regulators Cannot Stop Use of Virtual Currencies’

    Even though Thailand has not banned the use of cryptocurrencies in the country, its central bank has announced that financial institutions will no longer offer crypto-related services. Banks Barred From Bitcoin As per a request from the Bank of Thailand, the country’s financial institutions will no longer be allowed to invest in or sell digital currencies, develop trading platforms, or grant loans to clients hoping to purchase crypto. In addition, these institutions cannot offer any

    · February 13, 2018 · 2:00 pm
  • Bitcoin, Bitcoin Investment, News, News teaser

    Bitcoin Futures Speculation Allowed in Thailand

    While the rest of Asia scrambles to regulate cryptocurrencies, some remain open and even welcoming of the blockchain boom. An unlikely nation in the region to be convivial to new technology and innovation beyond state control is Thailand, which is currently in the throes of an ever-lengthening military dictatorship and associated power struggles. It was reported in the Bangkok Post this week that the Securities and Exchange Commission (SEC) has said Thailand’s first bitcoin futures

    · January 9, 2018 · 6:30 am
  • Bitcoin, Bitcoin Education, Bitcoin Regulation, News, News teaser, Uncategorized

    Thai Authorities to Educate on Cryptocurrencies

    With countries across Asia making moves to regulate and clamp down, few remain as beacons of freedom when it comes to cryptocurrencies. India, Russia, China, South Korea, Vietnam, and Indonesia have all issued restrictions on exchanges, but one unlikely country in Asia remains open: Thailand. Thailand is a surprise as it is in the grips of a military dictatorship that does not look like it wants to return the country to democracy at any time

    · December 29, 2017 · 7:00 am
  • Altcoin News, Bitcoin, News, News teaser

    Anxious Asian Authorities Grapple with Crypto

    The nations of Asia are responsible for well over half of the total global volume of cryptocurrency trading. The Asian trading session often dictates how the rest of the day will play out when traders wake up in Europe and the US. However, the governments of the region are growing uneasy about the increasing appetite their people have for cryptocurrencies. One of the world’s largest exchanges, Bitfinex, is owned by a Hong Kong-based company. South

    · December 22, 2017 · 9:30 am
  • Renewable Energy Trading Comes to Thailand – Power Ledger and BCPG Setting the Pace Blockchain Technology, Emerging Markets, News, News teaser

    Renewable Energy Trading Comes to Thailand – Power Ledger and BCPG Setting the Pace

    Thailand is seeking to improve its electricity production by leveraging solar energy and blockchain technology. Thai-backed BCPG will work with Power Ledger to make this happen. Renewable energy developers BCPG and Power Ledger have announced plans to introduce peer-to-peer renewable energy trading in Thailand. Solar energy will be at the heart of this undertaking, and it is set to revolutionize electricity production in the country and, hopefully, South East Asia. Leveraging Solar Energy to Meet

    · December 19, 2017 · 9:00 pm