Everyone ready? Seems to be a lot of changes planned for cryptos in Thailand. Digital money?

[BertieSmor]

Just wondering how many folks on here read this?

 

It paints a pretty interesting picture of a country gearing up for a huge change in its finances.

 

It asks a great question though. Are people here ready for the major changes coming to Thailand?

It seems most are not.

https://open.substack.com/pub/tomtuohy/p/thailands-cryptocurrency-boom-a-retirees?r=1uvlf&utm_campaign=post&utm_medium=web

[Celsius]

Good thing Tom Toughy used AI to rewrite the article otherwise it would be even more useless and confusing as it is now.

[BertieSmor]

Realy? I thought the article made made some good points. What if this technology comes so quickly that nobody’s very ready for it? As an old crusty myself, I can remember when the Internet came and nobody was really ready for that. It took a long time before people got used to knowing how to send email and things like that. This will be similar but will affect money transfer, not just sending data.

[ukrules]

It's all nonsense, sit back and watch little to no change.

Things may change over decades but not a few years and Thailand definitely won't be leading the way.

[mark5335]

Thailand Approves Five Year Bitcoin And Crypto Tax Break 

 

https://www.nasdaq.com/articles/thailand-approves-five-year-bitcoin-and-crypto-tax-break#:~:text=Thailand has approved a five,%2C through December 31%2C 2029.

[mark5335]

Thailand will exempt capital gains tax on crypto profits made through licensed platforms from 2025 to 2029, with a goal to attract global investment and support the country’s digital economy.

[Yumthai]

14 minutes ago, mark5335 said:

Thailand will exempt capital gains tax on crypto profits made through licensed platforms from 2025 to 2029, with a goal to attract global investment and support the country’s digital economy.

That's huge. Thailand is the new tax heaven.

[quake]

Thailand the new tax haven, Hub.