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Efficient and Professional Application 

Thai Official Digital Currency Transaction License Plate

  Digital currency has realized full legalization in Thailand  
 


We can assist in applying for the license plate for your digital asset exchange or license plate for your blockchain technological application and development company.

We have professional lawyers and accountants familiar with securities laws of Thailand and exchange license plate application procedures. Our efficient service can speed up your operation in Thailand. 
We will help you obtain the license plate via legal procedures and ensure that it is under the legal protection in Thailand. You can freely buy and sell your digital currency products with more safety guarantee.


About Digital Currencies in the Kingdom of Thailand 

[Digital Currency Asset Transaction Permit] issued by the Stock Exchange of Thailand (SET)
 


  { A. Trading center }
 
Corporate qualifications of a trading center (with a Thai taking 51% stake in): 50 million TBH as registered capital + Annual fees (depending on operating income).

Trading center license permit: Service fees + Handling fees (Excluding follow-up annual fees + Tax fees).

Trading center license permit: Service fees + Handling fees (Excluding follow-up annual fees + Tax fees).



 
  { B. Trading intermediary }

Corporate qualifications of a trading intermediary (with a Thai taking 51% stake in): 25 million TBH as registered capital + Annual fees (depending on operating income).

Trading intermediary license permit: Service fees + Handling fees (Excluding follow-up annual fees + Tax fees).

Trading intermediary license permit: Service fees + Handling fees (Excluding follow-up annual fees + Tax fees).




 
A. Trader  }

Corporate qualifications of a trader (with a Thai taking 51% stake in): 25 million TBH as registered capital + Annual fees (depending on operating income).

Trader license permit: Service fees + Handling fees (Excluding follow-up annual fees + Tax fees).

Trader license permit: Service fees + Handling fees (Excluding follow-up annual fees + Tax fees).


 
 
 
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Thailand lifts its ban on virtual currency


New opportunities on the virtual currency trading market

——————————  ·  ——————————
 

Governments throughout the world have imposed different monitoring measures on virtual currencies. In China, there is almost no room for virtual currency exchange. In seeking new development, many Chinese find that to build a new exchange overseas is the best choice for them.

In July 2018, the Thai government officially promulgated the Law of the Kingdom of Thailand on Digital Assets, which clearly lifts the ban on virtual currencies. This means a new opportunity for investors who want to transfer their business to overseas investment platforms. 


 

{    Digital currencies have been fully legalized in Thail and   }
 

The Global Blockchain Technology and Application Consensus Summit 2018 was solemnly held in Bangkok on August 26 this year. It symbolized full legalization of digital currencies in Thailand. This Summit attracted vigorous support of more than one hundred blockchain finance and business media. Around 1,000 people attended the grand occasion, which aimed at seeking orderly development for the blockchain community. 

 

This Summit covered development trends and future prospects of blockchain technology, industrial value of digital assets, new development thinking for the blockchain field, expansion of the blockchain application market and industry. 


 


 

 

Thailand’s bitcoin community is thriving, consisting of four exchanges which have not yet been registered and two exchanges—BX.in.th and Coins.co.th—which are fully legitimately set up. With relaxation of the government’s monitoring, the encrypted currencies have been gaining their market share in Thailand. So far, there have been more and more quality local exchanges in Thailand. They have created a high liquidity for encrypted currencies there. Several weeks following implementation of the new license permit system issued by the Thai government for digital asset companies, around 20 encrypted currency exchanges have registered their license permits. 



As American monitoring institutions are trying to find a way to better deal with encrypted currencies, the Thai government has already developed the digital currency for its central bank. 

Bank of Thailand (BOT), Thailland’s central bank, announced the “Central Bank Digital Current (CBDC)” program named “Inthanon” on August 21. Veerathai Santiprabhob, President of BOT, hoped that the blockchain technology can boost Thailand’s economic growth. Besides, he was quite optimistic about future prospects of blockchain applications in Thailand’s cross-border payment, supply chain finance, document certification, etc. 

 




Why set up the digital currency transaction intermediary in Thailand?
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  1、Legalization of ICO in Thailand creates a stable and safe space for financial innovation  


Regulations of the Kingdom of Thailand on Monitoring of Digital Currencies and ICO came into effect on July 16, 2018. The Regulations defines digital currencies as digital assets and digital tokens. The Securities Exchange Commission of Thailand is the official monitor of all digital assets. 

The Securities Exchange Commission of Thailand Commission has announced the brand-new framework for Thailand’s encrypted currency market, which covers market operators, ICO, and encrypted currency exchanges which have already been approved. This formal decree means that Thailand has changed its attitude towards ICO and digital currencies from prohibition to permission. Digital currency exchanges have gained the license plates issued by the Thai government. Banning is replaced by supervision, which protects invesotrs and boosts sound development of the ICO market. 

 

  2、Thailand Securities Regulatory Commission announces exemption of ordinary investors from capital gains tax and value-added tax. 

The law stipulates that Thailand will levy 15% of capital gains tax and 7% of value-added tax on profits generated by digital currency buying and selling. However, it is reported that Apisak Tantivorawong, Minister of Finance of Thailand, says these two taxes will be exempted from ordinary investors. This policy can lower investors’ tax burden brought by virtual currency transactions. 


 3、More and more countries will reevaluate encrypted digital currencies and ICO.  

Following Thailand’s lifting of its ban on digital currencies, more and more countries have started reflecting on their past negative attitude towards ICO. In the coming period of time, a growing number of countries will reevaluate encrypted digital currencies and ICO, which is an irresistible trend. Under the international currency and financial background where the Federal Reserve increases its interest rate and Europe withdraws from QE, more exploration attention will be paid to how to get rid of the dilemma. To build new business models, new cooperation models and new market subjects on the blockchain—Which country can conform to the trend, which country will first enjoy the dividends of the market. The new financing models of blockchain should not be just confined to ICO but gradually step towards opening, compliance and integrity. This has become an irresistible trend. 


 

Thailand MDR Accounting Law Firm| Professional Thailand legal services and company regisration
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