- Thailand has exempted cryptocurrency trading from value-added tax (VAT) in order to boost the digital asset industry.
- The exemption came into effect on January 1, 2024, with no specified expiration date.
- The Thai Finance Ministry and SEC are revising regulations to classify digital investment tokens as securities.
- Thailand is becoming a popular choice for offshore digital asset investors.
- The transfer of digital investment tokens to third parties has been exempt from VAT since May 14, 2023.
- The SEC has updated criteria for investing in digital tokens to enhance investor protection.
- Investment limitations for retail investors have been removed for certain types of digital tokens.
Source: coinspeaker.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
