Thailand Reveals New Cryptocurrency Regulations – Bitcoints


Published on June 10th, 2018 | by bitcoin


Thailand Reveals New Cryptocurrency Regulations

Thailand Reveals New Cryptocurrency RegulationsThe regulations which were announced on June 8, 2018, come into effect later in the month.
ICO Regulations
In May 2018, Thailand banned ICOs while waiving the previously planned 7 percent VAT on cryptocurrency transactions.
The new ICO regulations reverse the ban while stipulating strict conditions that must be met by future ICOs.
According to the SEC decree, companies looking to conduct an ICO must signify the type of token being issued as well as other pertinent investment information.
Images courtesy of Pixabay, Shutterstock
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