Thailand’s government said it would waive corporate income tax and value-added tax for companies that issue digital tokens.
Along with traditional methods like debentures, companies can take advantage of alternative sources of raising capital in the country.
According to the government, Thailand can be home to $3.71B worth of security token offerings over the next two years.
Last year, the Thailand government relaxed its crypto tax rules to promote growth in the sector. The country’s SEC oversees cryptocurrency regulation in the country.
This article originally appeared on The Tokenist
Cash Back Credit Cards Have Never Been This Good
Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
