Thailand cabinet approves tax cut for Bitcoin (BTC) and cryptocurrency investors to offset taxes.
Thailand cabinet eased tax regulations for crypto investments with the aim of boosting the country’s economy.
This rebate aims to help encourage more trade and investment strategies in the country’s fast-growing economy.
Finance Minister Arkhom Termpittayapaisith said:
“This will allow Thai investors to trade digital assets on a trusted Thai exchange”
Minister , said that the tax exemptions provided through this initiative will be valid from April 2022 to December 2023. He also highlighted that Thailand plans to launch a CBDC.
“This will help Thailand-based startups raise more capital from investors and strengthen domestic investment. It will also ensure the sustainable growth of the economy and increase the competitiveness of the country”
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