Thailand legalises cryptocurrency with new laws released

Moneycontrol News

As most countries of the world are approaching cryptocurrencies with a question mark, Thailand has gone ahead and legalised cryptocurrencies. The country has even written a new law via emergency orders and commands, instead of fitting cryptocurrencies in their existing securities laws.

The new law introduced by the Thai authorities skips the debate and jumps the queue to establish the cryptocurrency market in Thailand firmly and strongly. The Thai government also revised its tax law so it can extract some revenue from the growing crypto industry.