The Thai government confirmed that they are not going to ban ICO and crypto-currencies in the country. This is reported by the Bangkok Post.
Natporn Chatusripitak, Deputy Prime Minister Somkid Jatuppriapak, announced two upcoming royal laws, which will be sent for approval by the State Council, as well as to a vote in the government.
According to the Ministry of Finance of Thailand, the projects themselves emphasize plans to collect taxes up to 15 percent on the profits from digital assets, defined as "crypto-currency, digital tokens and other assets in the form of electronic data."
In addition, the government will require that all those involved in doing business in the digital world be registered with the relevant authorities, Bangkok Post also informs.
The exact amount of tax deductions has not yet been determined, details will be available at the end of the month.
Previously, we reported thatthat regulators in Thailand have issued regulations that govern ICO.
Author: Andrey, analyst Freedman Club Crypto News
Image from Fotolia
Source: Read Full Article