Tag: Thailand

Thailand to Trial Blockchain-based Travel Visas Soon

Not a day goes by without blockchain technology making some form of a headline. In Thailand, distributed ledgers will play a major role in its Electronic Visa on Arrival project  Thailand has been experimenting with these virtual visas for some time now. Thailand Sees Merit in Blockchain The new system will be rolled out very soon. It is expected this eVOA system will help 5 million visitors from 20 countries enter Thailand …
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Thai Cryptocurrency Experts Engage the Government Regarding Taxation Guidelines

Cryptocurrency regulation has always been a rather controversial topic. It is, by default, nearly impossible to effectively regulate an industry which is decentralized and has no central entity. Even so, officials in Thailand are looking to make inroads in this area. They will meet with blockchain and cryptocurrency experts this week to discuss future laws and regulatory measures. The Future of Bitcoin Regulation in Thailand Asian countries have taken somewhat …
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Thailand Introduces Cryptocurrency Regulation and 15% Capital Gains Tax

Thailand is looking to enforce its own version of regulation regarding cryptocurrencies. That is much easier said than done, as this new form of money doesn’t adhere to existing guidelines. As was to be expected, the new regulations on cryptocurrencies and ICOs are rather strong. In fact, anyone violating these laws faces major fines and even jail sentences. Thailand Means Business Although the cryptocurrency regulation in Thailand may sound severe, it is not …
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Thai Regulators Reject Request to Revamp Cryptocurrency Taxation Guidelines

Various digital asset operators in Thailand have submitted a request to remove capital gains taxes on cryptocurrencies. Unfortunately, that request has been denied by the country’s Revenue Department. The 15% withholding tax on digital asset trades will remain in place for the foreseeable future, which may hinder the country’s chances of making a positive impact in the cryptocurrency industry. Thailand Maintains Cryptocurrency Withholding Tax Every time a country’s government or financial …
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