Thailand Opens Public Consultation on Crypto Token Issuance Structure
Thailand’s Securities and Exchange Commission (SEC) has launched a public consultation on proposed rules allowing exchanges or individuals associated with them to issue utility tokens. Crypto exchanges would be required to provide the identities of…
Thailand courts international crypto investors with vibrant 5-Year tax break. Just a few days back, Thailand eliminated capital gains taxes on cryptocurrency sales for 5 years, aiming to position itself as a global hub for digital assets. The tax break is expected to attract crypto companies and investors from established centers like Singapore and Dubai, solidifying Thailand’s position in the global digital finance landscape. According to Jagdish Pandya, founder of Blockon Ventures and organizer of Thai Blockchain Week 2019, Thailand crypto HODLers hold $180 billion, and clear regulations and tax reforms will encourage people to hold more crypto assets.
In 2022, Thailand faced its own insider trading scandal when the SEC accused the Chief Technology Officer of Bitkub, one of the country’s largest crypto exchanges, of profiting from token sales using private information before a major deal.
