Political Parties in Thailand Voice Opposition to Government Plan to Tax Cryp...
As Thailand prepares to impose a levy on crypto profits, parties on both sides of the aisle have expressed concerns over the government’s current proposal. A number of political figures have insisted that important aspects need to be clarified in order to avoid double taxation of income related to cryptocurrencies. Thai Politicians Warn About Negative Effects of Crypto Tax Representatives of parties from various corners of the political spectrum in Thailand have shared their disagreements with the government’s plan to tax gains from cryptocurrencies. The reactions....
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Freedom of speech is a basic human right that is not embraced with open arms in every country in the world. China has its great “firewall”, and it looks like Thailand wants to restrict Internet access in the entire country as well. The political groundwork for Thailand’s Great Firewall has been revealed, and it’s not looking good. Over the past few years, Thai government officials have been restricting access to certain websites slandering political figures and posting pornography, without affecting the entire course of the Internet within the country’s borders. Unlike China, Thailand....
Thailand’s government announced Tuesday that trade in digital assets is free from value-added tax, as part of a plan to upgrade the country’s payments infrastructure. Thailand’s Government Gives Tax Breaks Finance Minister Arkhom Termpittayapaisith told a press conference that the rules will allow traders to credit annual losses against gains for taxes due on cryptocurrency […]
The ideals which Bitcoin was founded upon are in direct opposition to those which bind political parties and ideologies.
On the surface, everyone knew that it would happen. Some country seeking to control capital would undoubtedly ban or rule illegal a decentralized currency like bitcoin. Now it has happened, but from an unexpected place. A baffling decision by Thailand. If you would have made a guess a week ago about the first country to ban bitcoin, would Thailand even have been in the top five? The top ten? There are a number of autocratic countries in the world that many could have seen doing something like this, but Thailand's decision came seemingly out of nowhere. One of the tenets that Satoshi....
Thailand’s revenue department has decided to drop the 15% tax levied on cryptocurrency. This is a piece of positive news for the progressing cryptocurrency industry. This decision to do away with imposing taxes on the profit made by crypto trading comes after strong opposition from traders and crypto supporters of Thailand. Crypto would, however, continue […]