
No more crypto tax in Thailand
Thailand’s government has been forced to cancel its 15% crypto tax regime.
Coverage of exchange policy, tourism-linked crypto payments, and institutional interest in Web3.

Small investors in Thailand are putting unused mining rigs from China to use.
![Why Thailand’s oldest bank is bullish on DeFi [EXCLUSIVE]](https://cryptonewz.pages.dev/crypto-news-cryptoslate.com/wp-content/uploads/2021/07/thailand-bank-defi-768x403.jpg)
Following the ReDeFiNE Tomorrow virtual conference, SCB 10X revealed future plans for DeFi/traditional finance integration.

Authorities said such offerings had “no clear substance” or “underlying value” and gave local exchanges 29 days to delist the tokens.

The volatile launch of a new Thai yield farming platform has drawn the regulator's attention to DeFi.

The country is introducing stricter laws for crypto businesses as it embraces the space.

DeFi projects have enjoyed massive growth over the past year. And some institutions don’t want to be left behind.



