The shop is one of the few merchants in Thailand accepting crypto-currency as payment. Offerings of digital tokens will not be allowed until the regulations are announced, Rapee Sucharitakul, SEC secretary-general, told reporters. The public hearing will take a 2-3 weeks because investments in digital tokens are complicated and carry high risks, Mr Rapee said. The finance ministry will impose a 15% withholding tax on gains from digital tokens and cryptocurrency trade, Finance Minister Apisak Tantivorawong said in March. In February, the central bank asked financial institutions not to get involved in cryptocurrency transactions for fear of possible problems.

Source: Bangkok Post May 15, 2018 09:50 UTC