• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Ripple CTO Steps Down, Accepts New Offer – What You Need To Know
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Ripple CTO Steps Down, Accepts New Offer – What You Need To Know

Thailand Has Just Axed The 15% Tax On Crypto

anushsamal
by anushsamal
3 years ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Thailand’s revenue department has decided to drop the 15% tax levied on cryptocurrency. This is a piece of positive news for the cryptocurrency industry that’s progressing by the minute. The decision to do away with imposing taxes on the profit made by crypto trading comes after witnessing strong opposition from traders and crypto supporters of Thailand.

Crypto would, however, continue to be subjected to certain amount of taxes if not 15%. The heavy taxation on trading and mining will however be scraped off.

According to crypto followers, such a taxation framework could have ended up stifling the development of the crypto industry in the nation.

Thailand witnessed tremendous growth in the popularity of cryptocurrency, especially among the younger population. The news of removing 15% taxes on mining and trading would now attract crypto investors back into the space.

Related Reading | Bitcoin Mining Revenue Plummets To 6-month Low Amid Downtrend

Cryptocurrency Regulatory Efforts By The Thailand Government

Thailand’s Security and Exchange Commission (SEC) acknowledged the enormous potential of the cryptocurrency industry along with recognizing the risks and has worked on a regulatory framework to safeguard users. Lawmakers of the country have even banned certain meme coins and NFTs as a part of the regulatory move.

Although Thailand intends to ensure protection and safeguard crypto investors, there’s quite a bit of vagueness surrounding the same. It wasn’t made clear if the taxes would be imposed on annual filings or at the source itself.

Now that the Thai lawmakers have decided to remove this taxation substructure altogether, it has shed light on what crypto investors could expect.

The Tourism Authority of Thailand added to this and said that encouraging cryptocurrency trading could, in fact, boost the country’s economy especially after the pandemic struck.

Yuthasak Supasorn, the governor of TAT stated that people who have become wealthy from holding digital currencies” may be looking to spend their holdings. He added that “if they can use their currencies here without having to exchange it, or be faced with government taxes, then it would create convenience for them.”

The Thai Central Bank also mentioned that it is still meaning to formulate new measures which would regulate crypto activities on an individual and organizational level. A consultation paper shall be released which shall speak of a consensus and comprise a commentary on the limitations of cryptocurrency activities.

Related Reading | Crypto Giant Grayscale Launches First ETF To Bet On “Future Of Finance”

Anti-Money Laundering and Safeguarding Investors

Thailand’s cryptocurrency regulation agenda will encircle major concerns related to money laundering, taxation, and investor protection. Overall, it is quite evident that cryptocurrency will not be clamped down and will be allowed to function within jurisdiction.

Digital assets have grown exponentially owing to the introduction of De-Fi and NFTs in the market.

“The issuance of digital tokens must be authorized and overseen by the Securities and Exchange Commission and the issuer is required to disclose information and offer the coins through the token portals licensed under the Digital Asset Decree,” quoted the Thai SEC

A week ago, however, Thailand’s SEC had decided to issue certain guidelines concerning the restriction of cryptocurrency payments.

Thailand was quite conservative regarding its stance on cryptocurrency, it had also put a lid on the trading platform Binance in the past. It is quite refreshing to see the Thai government warm up to crypto in order to bolster the growth of this asset.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
anushsamal

anushsamal

Follow

Full Profile

Related Posts

circle, crypto

Circle And Deutsche Börse Partner To Boost Stablecoin Adoption In Europe

49 minutes ago
Stablecoin

Stablecoin Crackdown: European Central Bank Gathers Backing For Joint Issuance Ban

2 hours ago
crypto

Chinese National At Center Of Historic $6.7B Crypto Bust Pleads Guilty

3 hours ago
crypto

Too Tough? Poland’s New Crypto Law Faces Pushback

7 hours ago
Whales Inject an Extra $329K+ Into Bitcoin Hyper Ahead of Uptober – The Next 1000x Crypto?

Whales Inject an Extra $329K+ Into Bitcoin Hyper Ahead of Uptober – The Next 1000x Crypto?

14 hours ago
Bitcoin Prepares for Another Surge as Whales Buy $329K Bitcoin Hyper in a Day.

Bitcoin Prepares for Another Surge as Whales Buy $329K Bitcoin Hyper in a Day

14 hours ago
Please login to join discussion

Premium Sponsors

Press Releases

  • 距離上線僅剩3周:Snorter代幣ICO融資突破 415...

    24 hours ago
  • 上線倒計時:僅剩25天可搶購 Snorter Bot 代幣

    5 days ago
  • 加密錢包掀起發幣熱潮 Best Wallet...

    7 days ago
  • Bitcoin Hyper

    ChatGPT предсказва следващата 1000x...

    1 week ago
  • Snorter надхвърли $4 милиона след...

    1 week ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.