Thailand scraps 7% digital asset tax for traders in new relaxed tariff laws
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.
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Thailand to delay digital currency testing to late 2022
The initial testing of Thailand’s central bank digital currency, initially set for Q2 in 2022, will be pushed to later in the year because stakeholders need time to prepare for it, according to Bank of Thailand.
Bank of Thailand announces pilot for retail central bank digital currency
The Bank of Thailand has announced to conduct pilot tests of a central bank digital currency for retail use in the second quarter of 2022.
Thailand turns to blockchain to improve revenue collection
The country’s Excise Department will integrate blockchain technology to administer revenue collection for the fiscal year 2021.