The post Thailand to Tax Foreign Crypto Traders to Fund Economic Stimulus Measures! appeared first on Coinpedia Fintech News

Thailand is planning to tax foreign income from crypto traders to fund its economic stimulus measures, which include a nationwide airdrop. The tax policy, which could potentially alienate private bankers and financial institutions, targets both Thai residents and foreign nationals living in the country for more than 180 days per year. Legal experts suggest that the policy specifically targets cryptocurrency traders and residents trading in foreign stock markets through foreign brokerages. This move from a country that has previously touted itself as crypto-friendly may impact foreign investments.

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