Conno

Certainly it's a big if.....this is the land of the BIG IF after all, but lets face it we know what the biggest motivator is here. From the lowest of the low to the highest of the HiSo..... money. Maybe I'm just wishful thinking but I do strongly believe this will pass and be gazetted into law. The original news when it first came out earlier this year was accompanied with an admission that the changes that were implemented 1st Jan 2024 had resulted in a sharp drop in overseas remittances entering the country [5555 ya reckon!] I very much doubt that has changed and I imagine is even worse now, what with all the bank account chaos we are witnessing. I for one am holding back overseas remittances until I see what this particular Big If turns into. I imagine I'm not the only one. I don't have a crystal ball and totally agree the logic here seems to be of a different variety than what we are used to, but knowing Thais and money I think the chances for the Jan 2024 changes to be reversed are pretty good. We'll see.

Wonder how they are going to handle this, ban it too? The marketing states spend your crypto anywhere in the world ADA BTC SOL USDC USDT and earn rewards? You are going to have modify your approach Thailand or get left behind. Up To You as they say. No stopping this tsunami. https://cardanocard.io/

The last news article I read was in early June, unfortunately I can't find the link again sorry. It stated that the proposal was still in the draft stage after which it would then proceed through Thailand's multi step legislative framework which can take several months. The new law related to remittances from overseas is anticipated to be completed before the end of 2025. I put the general question to AI too and just about received the same answer. Thailand's new law process involves a multi-step legislative framework aimed at ensuring thorough examination and discussion of proposed legislation. The process typically begins with proposals from the Senate, the House of Representatives, or the Cabinet. Legal professionals then prepare draft legislation, which is evaluated by committees with relevant jurisdictions. After preliminary discussions in the House of Representatives, the legislation undergoes further scrutiny and debate before it is put to a vote. If passed, it proceeds to the Senate and eventually to the King for royal assent, making it official law. Recent legislative activities in Thailand include the drafting of new laws such as revisions to tax collection on foreign income remitted to Thailand, new rules for health insurance co-payment effective March 20, 2025, and a new co-payment rule for health insurance set to take effect on March 20, 2025.

Not a chance, its a joke. It's exactly what Tony Yazbeck describes in his presentation. It's the old legacy system trying to remain relevant with a new money technology they cant control. This sandbox initiative isn't the Bitcoin way so it won't work. They are hoping the ignorant will remain ignorant but for those who are into Bitcoin for reasons other than price alone, won't fall for it.

Jack Mallers speech on the perspective of the younger generation. As I said I'm not going to get involved in a protracted debate trying to convince you, not my job. Convincing yourself is probably the greater priority.

PingRoundTheWorld - My general reply is give it time, as all of your points are describing the state of play as of today. It's a revolutionary new technology, it is evolving and will continue to evolve, it already has. Look at where we are today compared with 16 years ago. Yes you are kind of correct regarding the tax angle, but that depends on your jurisdiction. Living in the UAE or El Salvador and now Thailand too for the next 4 1/2 years at least, you won't have to worry about tax. The old legacy system is terrified of Bitcoin which is why we have seen so much pushback, but that is changing fast and I believe it is unstoppable in the long run. Even if you don't see a use case for it currently, you have to admit the speed at which it is being adopted in relative terms is off the scale and accelerating. Naturally it isn't going to replace the current system in the blink of an eye, but in my opinion given enough time it could very well do just that. Not as it stands today, but what it will potentially evolve into. The answer to why you would ever need it is in this video. Let Tony Yazbeck tell you why you need it. If you don't see that as an immediate danger for yourself personally then great, don't buy any as it makes no difference to me but I hope you never do need it. However after saying that I'm not your enemy, I'm only trying to empower you. Take it or leave it. I started buying BTC in early 2019 at $4000 so yea I'm one of those folks you are talking about but you are still not too late. One last point I'll make, I don't know how old you are but at a guess you are probably not a youngster, me neither. The second video I will post below is a much watch too. Jack Maller's presentation is a speech on how the younger generations are feeling in 2025. Don't underestimate them.

I posted this meme some time ago when Bitcoin was at a considerably lower price than the ATH of $123,000 it hit this week. I thought it might be worth keeping considering the no-coiner posts that are guaranteed to show with every new Bitcoin AN thread that arrives. Worth posting again I think, but with an addition this time. He's now holding a very interesting placard.

Looks good. Just waiting for the two year remittance window to be gazetted now then.

I concur with JBChiangRai's reply with one highlight. As mentioned above, the wider thinking behind this move is to attract foreign investment into Thailand and not just focused on those already here. Therefore crypto bought on a non SEC approved exchange and then sold on a local SEC approved exchange with the proceeds transferred into your linked Thai bank account will be tax free. Just read today that a $9 Trillion addressable market is about to enter the space with an executive order expected to be signed later next week? Buckle up.

Bro C'mon 5555. You ain't seen anything yet. With time it is going to attract wealth from every other financial sector out there. You are clearly only focusing on price and nothing else. Price is just the side effect of Bitcoins incredible qualities as a from of money. The best form of money that so far humanity has come up with, yes including Gold and Silver [I hold both too of course as they were the best until 16 years ago] Going to zero soon eh? Tell you what here's the deal. I have taken a screenshot of your post to remind myself to get back to you. Do the same if you wish. I'll message you when we hit $1m per coin or alternatively you can message me when it hits zero. Deal? No point arguing in the here and now as time will decide if you were correct or not. You know there are a few sayings related to Bitcoin that you should maybe keep in mind. 1. Better to have some just incase it catches on and.... 2. Better to have some and not need it than to need it and not have some. An addressable $9 Trillion market is about to enter the scene and it won't even end there.

100% - Those who profit the greatest from those 'facts' and 'data' that's who. This is the very reason I don't waste my time attempting to counter argue Lacessit's allegedly factual posts. Kind regards, The Hypocrite.

I'd argue that the monopoly money is the stuff you call 'real'. Other than that can't argue with $118,000 .

My respect to you sir. Takes a humble man to admit that. Many would prefer to swallow the brain washing and argue against what is increasingly becoming a crime against humanity.

Aha the old name calling approach, I've never insulted your stand on a personal level. You are entitled to your view, just don't involve me in your propaganda is all I request. But that's a problem for people with your mindset isn't it. You are not happy until you are also controlling others lives. Have you considered politics? Or maybe that was your background at some point in the past? Just a guess.

I expect the authorities to manipulate and take advantage of mass formation psychosis. Never let a good 'Crisis' go to waste. The whole affair was one gigantic con....but as I said keep getting those shots brother if it makes you feel safer. Its a free world, unlike the one you would prefer.