“Crypto” line must know! In Thailand, what can “digital assets” do-not? and exploring the rules and laws related to digital assets abroad How is it the same or different from Thailand?
“Crypto” line must know! In Thailand, what can “digital assets” do-not? and exploring the rules and laws related to digital assets abroad How is it the same or different from Thailand?
“Cryptocurrency” or “digital assets“It’s another option.invest of the new generation both in Thailand and abroad At the same time, it is a concern of regulators. This is because these digital assets are beyond the original rules of each country’s financial system. that are difficult to control when there are problems of various financial systems
In the past, the rules and views on digital assets in each country have been cracked. According to the perspective of the state in each country to assess the opportunities and risks that will arise in the context of each country.
“Bangkok online businessInvite you to see the perspective of digital asset management in Thailand and look at trends in other countries in the world regarding the use of digital assets in various dimensions. After the issue of payment “Crypto Tax” and “Using crypto pay for goods and services” has become a hot topic that society and investors will be watching how the conclusion will be
Bank of Thailand As an agency that oversees the financial stability of the country has come out to provide information to understand people on the issue crypto spending in the purchase of goods or services The main idea is “The use of digital assets is not encouraged to pay for goods and services.“In Thailand, because If using digital assets to pay for goods and services may affect the financial stability of the country
It is also a risk to people and businesses such as the risk of loss of value caused by price fluctuations. Risk of Cyber Theft Risk of personal data leakage or being used as a tool of money laundering
However, besides Thailand, there are also some countries that look at these digital assets Not suitable for trading such as Malaysia, India, Indonesia and China.
At the same time, there are other countries For example, El Salvador, where digital assets can legally pay debts, as well as the United States, the European Union, the United Kingdom and Hong Kong are also considering the use of digital assets for payment. Goods and Services
The rebound question that arose following the Bank of Thailand made an opinion on this matter.So what can people with crypto in Thailand do?“
The Bank of Thailand revealed the guidelines Using digital assets in Thailand Specifies that it can be used in 4 formats:
1. Use to transfer between individuals
2. Used for investment
3. Use to develop Smart Contracts
4. Used for trading by doing business through business operators under the supervision of the SEC.
In addition, those who have “income” from “digital assets” are required to “file taxes” and “tax” personal income according to the law.
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refer: Bank of Thailand