The rules apply to digital asset exchanges, cryptocurrency and digital token brokers and traders, as well as cryptocurrency and digital token advisers. Digital asset business operators have expanded to cover services related to using digital assets as a means of payment for goods and services. Some have solicited businesses by offering to facilitate merchants and businesses in accepting digital assets as payment for goods and services, such as by setting up digital asset settlement systems, said the statement. The minister met with representatives of digital asset and fintech businesses on Tuesday to discuss their request for a tax exemption on digital asset trading for 3-5 years. Digital asset businesses could add great value to the Thai economy if they receive state support, he said.

Source: Bangkok Post January 26, 2022 05:30 UTC