Home News Cryptocurrency

Fresh Off The Block: Thailand bans cryptocurrencies as means of payment and more

Khairani Afifi Noordin
Khairani Afifi Noordin3/28/2022 09:40 AM GMT+08  • 2 min read
Fresh Off The Block: Thailand bans cryptocurrencies as means of payment and more
Meta Platforms filed for crypto-related trademark applications while Bitcoin surged to the highest level since early 2022.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Thailand’s Security and Exchange Commission is banning the use of cryptocurrencies as means of payment for goods and services, citing the need to protect financial stability and the national economy, among others.

Although cryptocurrencies will no longer be legal as a payment method in Thailand from April 1, holding and trading digital assets will still be permitted. Earlier this month, the Thai government announced that the trading of digital assets on government-approved exchanges would be exempt from a 7% value-added tax.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now