Zacary Egea, a former member of the Bolivarian National Police, shows his mobile while checking the status of his plant while playing the Plant Vs Undead video game in the Cuaricuao neighborhood in the Libertador municipality of Caracas on September 10, 2021. – According to a study by several universities, 96% of the population lives in poverty so video games that involve non-fungible tokens (NFTs) have unleashed a boom among the population that dreams with having a plant (Plant Vs Undead) that allows them to earn a bitcoin to get out of poverty. (Photo by Yuri CORTEZ / AFP)

Digital assets stare at uncertain future in Thailand as regulators clip their wings

Ending weeks of speculation, the Bank of Thailand (BOT) and the Securities and Exchange Commission (SEC) on March 24 put in place new regulations governing the digital assets business, effectively…

Read More
A person uses a cell phone to pay with Bitcoins during the Latin Bitcoin conference (LABITCONF) in San Salvador, on November 18, 2021. (Photo by Sthanly ESTRADA / AFP)

Bank subsidiaries’ investments in digital assets to be capped at 3% of capital

The Bank of Thailand (BoT) is to issue a new regulation to limit investment in digital assets by business units of commercial banks to no more than 3% of their…

Read More

Thailand to bar use of digital assets for payments for goods, services from April

Thailand’s Securities and Exchange Commission (SEC) has issued a set of regulations to be applied to digital assets operators, which take effect on April 1st, barring them from using digital…

Read More

Digital tokens to fund production of Thailand’s “Love Destiny 2” movie

Fans of all ages of the “Bupphesanniwat” (Love Destiny) hit TV series four years ago may get the chance to see the long-awaited “Bupphesanniwat 2” movie, as the Kubix Digital…

Read More
(FILES) In this file photo taken on July 19, 2021 this illustration photograph shows a physical banknote and coin imitations of the Bitcoin crypto currency, in Istanbul. – Bitcoin slid below $40,000 on January 10, 2022, falling to its lowest level since the end of September as the world’s leading cryptocurrency showed no end to its volatility. Bitcoin dropped to $39,663.18, having soared to a record high of over $66,000 in October. (Photo by Ozan KOSE / AFP)

Thai Revenue Department says no withholding tax on trade in cryptocurrencies

The Revenue Department has agreed to do away with the proposed 15% withholding tax, which was to be imposed on digital asset trades, and to allow losses to be deducted…

Read More
According to tax officials, those who engage in coin mining also will be subject to taxation on the sale of coins. (Photo by Quantitatives.io)

Thailand plans to regulate, limit cryptocurrency payment for goods, services

The Finance Ministry, Bank of Thailand and Securities and Exchange Commission (SEC) have agreed to a plan to regulate and limit the use of cryptocurrencies as a means of paying for…

Read More

Thai Central Bank warns against use of cryptocurrencies in transactions

Volatility and security risks mean that Thailand’s Central Bank remains unconvinced about the use of digital assets to purchase goods and services, as many shops have started allowing payment using…

Read More

Page 1 of 1

Login

Welcome! Login in to your account

Remember me Lost your password?

Lost Password