Thailand to soon provide guidelines for better cryptocurrency tax – FinMin

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Thailand’s Transport Minister Arkhom Termpittayapaisith speaks during an interview with Reuters in Bangkok, Thailand June 25, 2018. REUTERS/Panu Wongcha-um

BANGKOK, Jan 26 (Reuters) – Thailand plans to decide soon on further guidelines for a cryptocurrency tax introduced in 2018, in a bid to make it fairer and simpler, the finance minister said on Wednesday. Finance, following an increase in digital assets. trade.

The government has supported the use of 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 digital assets to be used as payment due to the risks.

Cryptocurrencies have been gaining momentum in Thailand, which saw up to 251 billion baht ($7.62 billion) in digital asset transactions in November, according to data from the Securities and Exchange Commission.

($1 = 32.93 baht)

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Reporting by Orathai Sriring, Kitiphong Thaichareon and Satawasin Staporncharnchai; Editing by Martin Petty

Our standards: The Thomson Reuters Trust Principles.

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