Thailand to regulate cryptocurrency market and ICO

[SONG GEET]

After a long wait finally Thailand has released its framework to regulate cryptocurrency market in Thailand on cabinet meeting held on 27th march. According to Nikkei Asian review (local news portal) 7% VAT will be taken from crypto trades and 15% will be taken as capital gain tax.
http://altcoin.media/2018/04/01/thailand-to-regulate-cryptocurrency-market-and-ico/

[Cryptoman69]

You right just take a look the link down below..
Maybe this would be a proof of your analysis.

https://bitcointalk.org/index.php?topic=3200746.0

Hope some other country follow how it is believe that cryptocurrency can greatly help the community especially the country that will implement it.

[Cryptoipad]

The cryptocurrency are included that market share to ico project. The country has just approved a draft decree that regulates cryptocurrencies and initial coin offerings (ICOs).This is an important step for crypto related enterprises located in the country, that will have to obtain licenses and report sensitive process of management.According to local media, the Thai country has approved a draft decree that regulates the cryptocurrency market, including ICOs.The main difference with another draft proposed some time ago, is the way in which digital financial money of business.explained that the changes have been made to cryptocurrencies and digital tokens.

[pooya87]

regulations is a slow process but every country is going to have them sooner or later, there is no escaping that since bitcoin is gaining a lot of popularity all over the world and because of that it is attracting a lot of money (fiat) which needs to also bring all its fiat laws and regulations with itself.
it doesn't have to be a good or a bad thing either. some countries have been more friendly towards bitcoin and this was reflected in their regulations and some weren't. it is a start though, these regulations can change and become better over time.

[Getcoinsite]

After a long wait finally Thailand has released its framework to regulate cryptocurrency market in Thailand on cabinet meeting held on 27th march. According to Nikkei Asian review (local news portal) 7% VAT will be taken from crypto trades and 15% will be taken as capital gain tax.
http://altcoin.media/2018/04/01/thailand-to-regulate-cryptocurrency-market-and-ico/

regulations for me is a must so all countries in the world will out their own for cryptocurrency and specially for bitcoin,lets admit the reality that all the governments were attracted for billions of dollars circulating inside our community,so regulatory will lead us to work freely and no government interception and hiding no more,from this point anything that they will be given as regulation will be followed and we can do things after thay

[mktpromp]

It is a great news for all the crypto traders in Thailand. People,there, will be more interested and invest more in crypto market. But they should study more about the laws properly in manege their investment properly.

[TheGodFather]

After a long wait finally Thailand has released its framework to regulate cryptocurrency market in Thailand on cabinet meeting held on 27th march. According to Nikkei Asian review (local news portal) 7% VAT will be taken from crypto trades and 15% will be taken as capital gain tax.
http://altcoin.media/2018/04/01/thailand-to-regulate-cryptocurrency-market-and-ico/

I think this is great news, and I have been saying this a thousand times over in this forum, if we are able to have cryptocurrecy regulated on a country and in that country there really is a significant evidence that could point on that country gaining a lot then that would make a lot of the countries to give pause and really consider this. This is great and we should be happy and try everything we can to disseminate this i formation or try to have a hand on how the government on thailand would decide

[dreamteam17]

It may be already postponed, bitcoin falls and there is a bit of it that ends!

[hermanjones18]

The governor of Thailand’s central bank has confirmed an upcoming law to ‘comprehensively regulate’ cryptocurrency as a former Thai finance minister throws his support behind the idea. Bank of Thailand governor Veerathai Santiprabhob has revealed details of a meeting between the country’s deputy prime minister, finance minister and other related agencies last week wherein the regulators reportedly agreed to ‘enact a new law to comprehensively regulate’ cryptocurrencies.

[hualangktsld841]

Moderate regulation and regulation of the ICO policy are very necessary. We are pleased to see this policy launched by the Thailand government. In these years digital currencies are being paid attention to by more people and countries in Southeast Asia, where there is a strong population, if these Southeast Asian countries can regulate the currency in their country. The development of encryption community is very important. Let's look forward to the next country.

[Kakmakr]

The thinking behind this is actually not that bad. When you tax it like that, you acknowledge that the technology can be used both as a commodity to trade with and as a currency. The 7% VAT is relatively low in comparison with other countries, so I can live with that and the 15% Capital gains is more or less where the other countries are.

I think this is the best way to go, because Bitcoin can be both a commodity and a currency.    I would rather have these governments charging VAT and Capital gains, than simply banning it, like India.