Thailand expects to introduce law regulating cryptocurrencies later this month

Author: Justin Low | Category: Cryptocurrency

So says the Thai deputy prime minister Somkid Jatusripitak

  • Plans to impose 15% withholding tax on gains from cryptocurrency trading
Thai authorities has been making waves in the cryptocurrency space as they look set to introduce more regulation with regards to investment and trading in cryptocurrencies.

Just last month, the Bank of Thailand issued a circular here introducing further regulation on financial institutions and their dealings with cryptocurrencies.