Thailand sees central bank digital currency as a tool that could promote innovation but argues that it is in no rush to push for one, noting that it will resort to programmable payments and tokenization instead.
Thailand’s Cabinet will allow investors who have had their 15% capital gains tax deducted to exclude their investment token profits when reporting their taxes.
The Thai securities regulator wrote to the finance minister proposing that he revoke the Zipmex license over its failure to maintain net capital and insufficient management.
The new tax exemption rules have been effective since January 1, 2024, and will extend to registered dealers and brokers licensed by the Thai Securities and Exchange Commission.
As the deadline looms, Hong Kong has reiterated its pledge to shut down all unlicensed VASPs by the end of May, even as it called for vigilance from investors.
Thailand’s securities regulator has updated its rules to lift the $8,450 restriction, permitting Thais to invest freely in tokenized real-world assets to boost “national development.”
Kasikornbank is looking to revolutionize fundraising with tokenized securities, a move that it hopes would advance its Web3 ambitions in digital asset ecosystem development.
Thailand postpones digital currency rollout to Q1 2024 due to security concerns, facing criticism over debt and legality.
Kasikornbank launches $100 million KXVC fund, targeting AI and Web3 projects, with plans to support startups expanding into the APAC region and foster Southeast Asia's Web3 ecosystem.
Bank of Thailand foresees positive local economic impact from Pheu Thai Party's $285 digital handout scheme, with 3% GDP growth in the $14.1 billion project.
Srettha Thavisin, Thailand’s newly elected Web3-oriented prime minister, brings deep digital currency ties, promising initiatives, and funds to boost adoption and spark economic growth.
Thailand's Ministry of Digital Economy and Society aims to ban Facebook due to digital currency scams highlighting signs of fake investment schemes—over 200,000 victims and millions in losses prompt legal action.
