BANGKOK : Thailand expects to decide on more guidelines soon for a cryptocurrency tax that was introduced in 2018, in an effort to make it fairer and more simple, the finance minister said on Wednesday, following a surge in digital asset trading.
The government has supported utilising digital assets to help build the economy without affecting the country's financial stability, Finance Minister Arkhom Termpittayapaisith told a business seminar. On Tuesday, Thailand said it would not allow use of digital assets https://www.reuters.com/article/idUSL4N2U52CL as a means of payment due to risks.
Cryptocurrencies have gained momentum in Thailand, which saw as much as 251 billion baht in digital asset trading transactions in November, data from the Securities and Exchange Commission showed.
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