Published on June 10th, 2018 | by bitcoin0
Thailand Reveals New Cryptocurrency Regulations
The regulations which were announced on June 8, 2018, come into effect later in the month.
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.
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