Bitcoin as industrial plumbing explained on Brittany Bitz podcast
CoinGeek’s Alex Moon recently joined the Brittany Bitz podcast to discuss Bitcoin SV, entrepreneurship on the blockchain, and the grand vision of Bitcoin as a global network.
CoinGeek’s Alex Moon recently joined the Brittany Bitz podcast to discuss Bitcoin SV, entrepreneurship on the blockchain, and the grand vision of Bitcoin as a global network.
The plan will make the Bank of Thailand a second digital assets industry oversight body following the SEC, which is currently the sole digital assets industry regulator.
Despite approving its licenses, the Thai securities regulator still needs to inspect the firms' operations before they can kick off market activities, a report noted.
The Bank of Thailand says this next phase will be a pilot phase focused on testing "real-life applications of Retail CBDC" with the private sector.
The online complaint form will be more convenient for users and will help them gather more factual information "clearly and accurately," according to the Thai securities regulator.
The digital currency exchange said it has been trying to reach clients to withdraw their funds since September, and they will still be able to contact the Thailand subsidiary for withdrawals after the deadline.
Authorities in Thailand have formally introduced a seven percent value-added tax exemption for transfers of digital currencies made on government-registered exchanges.
Ronin Bridge, the Ethereum sidechain used by popular NFT game Axie Infinity, lost over $600 million in what appears to be one of the largest digital currency heists in the world.
The central bank says it’s fully behind fostering the growth of the digital assets industry, but banks must be cautious in their approach to protect investors.
The Thai SEC said that digital currencies are too volatile and don’t possess the qualities of sound money, but it won’t prohibit investing and trading it.
Thai Finance Ministry announced new tax rules that seek to promote digital currency trading, a month after a public outcry that led to the scraping of 15% capital gains tax.
The Thai taxman was to begin collecting the 15% tax this year, but it will now only impose capital gains from traders even as the government bans Bitcoin payments.