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Bitcoin Mules Flood China as OTC Cryptocurrency Trading Flourishes

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After the Chinese government banned local bitcoin exchanges from operating in the country some industrious people have begun going abroad to buy the cryptocurrency and reselling it in China for a premium. There are now so many of these ‘bitcoin mules’ that their profit margins are rapidly declining.   Also Read: Okex Fights Market Manipulation … Read more

Thailand Becomes the Latest Country to Tax Cryptocurrencies

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It is evident the cryptocurrency industry has sparked many debates regarding the future of money. Thailand has always been an interesting country when it comes to regulating this new form of money, as there seems to be no streamlined approach. That is coming to change, as the nation’s military regime wants to begin taxing cryptocurrencies in the near … Read more

Thailand Approves Draft Decree on Crypto

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The Thai cabinet has approved a draft decree to regulate cryptocurrencies and initial coin offerings. The definition of digital assets has been modified from the previous draft but the tax structure remains. All crypto businesses must obtain licenses and report information to the anti-money laundering office. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With … Read more

Thailand to Pass Two New Cryptocurrency Laws

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Thai regulators have reportedly agreed to enact two separate laws on cryptocurrencies and initial coin offerings. They will regulate crypto businesses, the purchase and sale of cryptocurrencies, as well as their taxation. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Two Laws Being Drafted The Thai Minister of Finance, Mr. Apisak Tantivorawong, said … Read more

Former Thai Finance Minister Supports Proposals for SEC-Regulated Cryptocurrency Sector

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The Chairman of the Thai Fintech Association (TFA) and Thailand’s Former Finance Minister, Korn Chatikavanij, has offered his support for recent proposals that Thailand’s Securities and Exchange Commission (SEC) should be tasked with developing and enforcing cryptocurrency regulations. Also Read: ‘Cryptomatoes’ Using Excess Mining Heat to Grow Produce Thai Fintech Association Chairman Supports SEC Regulation of … Read more