Thailand
Siam Commercial Bank Is Chasing DeFi Yield Through Compound
The bank’s venture arm, SCB 10X, is using Compound Treasury’s 4% yield service via the Fireblocks custody platform.
US Says N Korea Behind Hack; Binance Closer to Thai Business
Binance is closer to Thai business as Gulf Energy greenlights joint venture. U.S. points finger at North Korea over $600 million Ronin hack. Chainalysis says investors should keep size of crypto hacks in perspective. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Thailand Bans Crypto as Means of Payment
The Thai SEC stressed it is only banning the use of crypto for payments and is not banning crypto trading and digital assets.
Thailand Eases Tax Rules on Digital Assets Until 2023
Crypto traders on government-approved exchanges will be exempt from a 7% value added tax (VAT), the country's finance minister said at a cabinet meeting.
Thailand Axes 15% Crypto Withholding Tax Plans Following Pushback: Report
Earned income on crypto trading or mining can be reported as capital gains on income taxes, tax officials said.
Power Cut for Kazakh Miners, Russia Crypto Threat
Thailand sets out crypto regulation plans. Kazakhstan blocks power for crypto miners. Crypto market could be hit if Russia invades Ukraine. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Thai Authorities Plan to Regulate Crypto as Means of Payment
The Thai SEC has also proposed a set of guidelines to limit the use of digital assets for payments.
Binance to Set Up Crypto Exchange With Thailand's Gulf Energy Development
Gulf Energy Development says it foresees "rapid growth in digital infrastructure" in the country.
Thailand’s Crypto Traders to Be Subject to 15% Capital Gains Tax: Report
The report quotes a person in the Finance Ministry who also said cryptocurrency traders should prepare for increased surveillance.
Thai Central Bank to Delay CBDC Test Till Late 2022: Report
The bank will look at CBDC as a cash substitute.
