Stock Groups

Thailand Announces Crypto Trading, CBDC Plans -Breaking


Thailand Announces Crypto Trading and CBDC Plans
  • Thailand takes steps to adopt cryptocurrency.
  • Thailand’s central bank announced their intentions to trial a central bank digital currency in the second quarter of 2022.
  • Following Thailand’s approach to adopt digital assets, the Thailand Stock Exchange will add support for the trading of and other digital assets.

Thailand has been gaining ground in cryptocurrency markets as real estate developers and retailers start accepting cryptocurrencies. Instead of trying to slow down the rate of adoption of cryptocurrency amongst citizens of Thailand by banning cryptocurrency trading and mining, the country’s governing bodies are putting a regulatory framework in place.

According to an anonymous source within the Finance Ministry who revealed information to The Bangkok Post last month, this framework will apply a 15% capital gain tax to profits from cryptocurrency trading. This means that any taxpayers, investors and miners who have benefited from cryptocurrencies will be subjected to a 15% holding fee.

Thailand’s central bank has also expressed its intention to trial …

Continue reading on CoinQuora

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.