Thailand

Thailand Authorities Seize Over $5M Worth of Crypto Mining Devices in Electricity Theft Investigation

Leave a Comment / Authorities, Thailand / azlan90

Last updated: April 29, 2024 02:10 EDT | 1 min read Thai authorities recently cracked down on a crypto mining operation suspected of stealing electricity. The raid in Samut Sakhon and Ratchaburi netted over 650 mining devices valued at more than 200m baht (about $5m). Acting on tip-offs about unusually high electricity use, officials from […]

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Thailand Offers Crypto Tax Break to Promote Investment Tokens

Leave a Comment / Offers, Thailand / Avery Clarkson

Last updated: March 13, 2024 19:15 EDT | 2 min read Thailand approved a crypto tax break for individuals holding investment tokens on March 13 to encourage the use of these tokens for fundraising purposes. Capital gains from such holdings are now exempt from personal income tax calculations, even if a 15% withholding tax was

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