Showing posts with label token. Show all posts
Showing posts with label token. Show all posts

Wednesday, March 8, 2023

Mixed Signals for Crypto in Thailand Despite Tax Breaks

 The government of Thailand is preparing a series of tax breaks and incentives for crypto companies that issue digital tokens.

On Feb. 7, Reuters reported that the Thai Finance Ministry will waive corporate income tax and value-added tax for firms that conduct initial coin offerings (ICOs) for investment.

According to government spokespeople, companies will have access to alternative methods of raising capital through token issuance in addition to traditional methods.

'Groundhog Day' in Crypto as Bitcoin Again Plunges Following New Record

The world's largest crypto briefly rose above $70,000 Friday, but immediately tumbled about 5% to below $67,000 It's deja vu all ove...