Mixed Signals for Crypto in Thailand Despite Tax Breaks

 The government of Thailand is preparing a series of tax breaks and incentives for crypto companies that issue digital tokens.

On Feb. 7, Reuters reported that the Thai Finance Ministry will waive corporate income tax and value-added tax for firms that conduct initial coin offerings (ICOs) for investment.

According to government spokespeople, companies will have access to alternative methods of raising capital through token issuance in addition to traditional methods.