ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Economy

Thailand's military regime plans to tax cryptocurrencies

Conservative regulatory response creating uncertainty, promoting Singapore's lead in the sector

Thailand's military government is taking steps to bring cryptocurrencies within the tax fold.   © Reuters

BANGKOK -- Thailand's military government wants to regulate the nascent cryptocurrency market, and slap investors dabbling in digital coins with taxes to prevent the expanding sector from being used for money laundering, tax evasion, and other criminal activities.

The move was announced by Finance Minister Apisak Tantivorawong on Mar. 27 after a weekly cabinet meeting.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more