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Cryptocurrency investors in Thailand will pay a 15% capital gains tax

Cryptocurrency-related gains, such as those resulting from trading digital currencies, will be taxed at a rate of 15%, a Finance Ministry official told local media in Thailand. After significant market growth over the past year, the department aims to improve surveillance of cryptocurrency trading in 2022.

Thailand Asks Cryptocurrency Traders To Report Profits On Tax Returns

Thailand’s Ministry of Finance advises investors to indicate their cryptocurrency earnings when filing their tax returns this year, the Bangkok Post reported Thursday. Capital gains from cryptocurrency trading will be subject to a 15% tax, the newspaper added, citing a ministry source.

The obligation concerns all taxpayers who benefit from cryptocurrency transactions, including investors and operators of cryptocurrency mining facilities, the official clarified. However, digital asset exchanges will be exempt from the fee.

The gains from cryptocurrency trading are considered taxable income according to Section 40 of the Royal Decree amending the Revenue Code No. 19, the report explains. In view of the significant expansion of the digital asset market in 2021, financial authorities now plan to improve their supervision of currency trading activities in the country.

Not all aspects of cryptocurrency taxation are clear, as noted by an industry representative. Akalarp Yimwilai, co-founder and CEO of cryptocurrency exchange Zipmex, noted that many questions remain about how to calculate earnings. One is whether the gains from a price increase as the dollar strengthens are considered gains. He further explained:

Tax methods and calculations should be more concise, clear and easy to understand. Many people I know want to pay taxes but don't know how to calculate them.

He added that Zipmex is trying to develop a system that allows its clients to estimate their profits and losses, but the task has proven difficult. “If the Department of Revenue really has such an advanced data analytics system that it can accurately calculate cryptocurrency earnings, it would be of great benefit to share it with the industry,” he noted.

Authorities in Thailand, a major tourist destination, have been trying to demonstrate a friendly attitude towards the growing number of cryptocurrency users, especially among visitors. In September, the country’s tourism authority announced that it wanted to promote what it described as an “atmosphere of crypto tourism,” and in November its governor emphasized that Thailand must become a “crypto-positive society.” Last month, Bank of Thailand officials declared that cryptocurrency payments are not illegal.

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Cryptocurrency exchange BitMEX partners with Tokeny to launch native BMEX token

Major cryptocurrency exchange BitMEX today announced its partnership with Tokeny, a tokenization platform service provider to help launch its native token BMEX. Tokeny contributed its technical expertise and advice during the 2021 token development phase and is working together with the BitMEX team to ensure a smooth launch of the token launch phase, which will take place in early 2022.

BMEX

Designed as an ERC-20 token, BMEX has a maximum supply of 450 million, much of which will be used to reward new and existing BitMEX users.

The token will encourage participation in the growing BitMEX ecosystem, offering trade discounts to token holders, improved performance on EARN products, early access to new products, and much more.

For a limited time, users will have the opportunity to win as many BMEX as possible by entering contests and sweepstakes. Just yesterday, the exchange unlocked its latest welcome offer: the first 10,000 new users who complete KYC and sign up for EARN will receive up to 40 BMEX tokens.

“Our users always come first and we launched BMEX to reward them for their loyalty. We chose to partner with Tokeny, one of the world leaders in the tokenization technology space, to guide us in developing and issuing BMEX in the safest way possible. Tokeny has a strong history of working with major crypto players to streamline the token issuance process, and we are happy to have them on board to support the launch of BMEX. "

- Alexander Höptner, CEO of BitMEX

Since 2017, Tokeny has helped establish more than $ 28 billion in tokenized assets through its solutions. Tokeny is backed by Euronext, a leading market infrastructure in Europe.

"In a short period of time, we have successfully tested and implemented smart contracts thanks to the clear definition of token economy, the efficiency of the BitMEX team, and our in-house expertise."

- Tokeny CEO Luc Falempin

The BMEX token cannot be withdrawn or traded until the BitMEX spot exchange opens in Q2 2022. To receive BMEX tokens, see the airdrop terms and conditions and learn more by visiting the BitMEX token page.

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Golf startup offers $ 10.5 million in NFT sales

Par of the course: Playing golf LinksDAO can lead to the adoption of DAO in the country club.

No sector of the economy or life is safe from non-fungible tokens (NFTs) or tokenization. Golf is the latest sport to succumb to the pull of NFTs and a round of decentralization thanks to the efforts of LinksDAO.

In a sold-out NFT collapse, LinksDAO raised $ 10.5 million to fund its golf aspirations. Over 9,000 “leisure membership” and “global membership” NFTs have been purchased on the OpenSea platform, exchanged for Ether (ETH).

It seems that while 2021 has been a prosperous year for Decentralized Autonomous Organizations (DAO) activities, with some treasuries growing 40 times in value, golf is also driving the adoption of crypto.

However, unlike photos of boring monkeys or fundraising for presidential campaigns, LinksDAO NFTs contribute to the operation of a DAO, which would “improve transparency around certain aspects of the organizational governance of the businesses of the club”.

Consequently, LinksDAO NFTs are not golf club membership cards; they are the key to community access, governance and ‘a wide range of benefits’. NFTs will eventually unlock membership in LinksDAO’s first golf and leisure club.

As expected, the sale of NFT is just the start-up for the newly formed startup. Top of the LinksDAO business plan priority list is “Identify a list of golf courses for acquisition” and develop a $ LINKS cryptocurrency token. These plans are expected to be drawn up in mid-2022.

The group is led by Mike Dudas, a familiar figure in crypto as the founder and CEO of The Block. A vocal anti-Bitcoin (BTC) maximalist, he peaked at No. 83 on Cointelegraph’s Top 100 Most Influential People in Crypto in 2020. His Twitter nickname took the nickname “Mike DAOdas,” and is associated with The Block, 6th. Man Ventures to VC crypto, as well as Paxos and Venmo.

Despite the general exuberance of the DAO market, some golf fans and NFT collectors were left scratching their heads over the Doubts route to start a golf business by creating a DAO.

Doubts clarified in a tweet that the LinksDAO NFT “* does not * grant ownership of the asset, but does grant governance rights over the club’s design process and the ability to acquire membership in the club once open.”

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Best tokens of football club supporter to buy with market value

The crypto market usually attracts many innovations. But there are also some tokens that are simply released for this well-being factor and are not actually based on any intrinsic value. The football tokens are in this category. Basically, they are designed to be part of the passionate and loyal fan base that we know in football. However, here are some facts about football tokens:

The tokens of football fans usually do not have much underlying value and are simply assets of fidelity targeted to fans.



Some football clubs are also adding the sale of NFT collectible items, plus the supporter chips.



These tokens also benefit from the visibility and recognition of the name associated with these clubs.

Well, if you are thinking of getting some fan tokens, here are some options to be considered by market capitalization:

Paris Saint Germain fan token (PSG)

The Paris Saint-Germain Fan Token (PSG) is a symbol of supporter for the fans of one of France’s largest clubs. The currency is available for negotiation in all major handbags in the world.

At the time this article was written, he was being sold for about $ 15.23, with a market value of $ 48 million. It is also the largest ventilator for market capitalization at the moment, but still falls well in the general encryption market, classifying in 622.

S.S. Lazio Fan Token (Lazio)

Lazio is one of the two major clubs in the Italian capital, Rome. Your fan token is surprisingly valuable, since the club is not really one of the largest in the world. However, the S.S Lazio Fan Token (Lazio) is currently trading for about $ 4.57, a 13% drop in the last 7 days. The currency has a market value of about $ 40 million.

You do not have to be a fan of these clubs to buy these tokens. But since they have not much intrinsic value, they can be highly risky.

Best Tokens of Football Club Supporter to Buy With Market Value
The Encryption Market Usually Attracts Many Innovations. BUT there are also disappeared tokens that are simply released for this well-being factor and are not actually based on any intrinsic value. The Football Tokens are in this category. Basically, they are designed to be part of the passionate and lyal fan base that we know in football. However, Here Are Some Facts About Football Tokens:

The Tokens of Football Fans Usually Do Not Have Much Underlying Value And Are Simply Assets Of Fidelity Targeted To Fans.



Some Football Clubs Are Also Adding The Sale of Nft Collectible Items, Plus The Supporter Chips.



Theese Tokens Also Benefit From The Visibility And Recognition Of The Name Associated With Thesis Clubs.

Well, If You Are Thinking Of Getting Some Fan Tokens, Here Are Some Options to Be Considered By Market Capitalization:

Paris Saint Germain Fan Token (PSG)

The Paris Saint-Germain Fan Token (PSG) is a Symbol of Supporter for The Fans of One of France’s Largest Clubs. The Currency is Available for Negotiation In All Major Handbags in The World.

At the time this article was written, he was being greet for about $ 15.23, with a market value of $ 48 million. IT IS ALSO THE LARGEST VENTILATOR FOR MARKET CAPITALIZATION AT THE MOMENT, BUT STILL FALLS Well in the General Encryption Market, CLASSIFYING IN 622.

S.S. Lazio Fan Token (Lazio)

Lazio is one of the two major clubs in the Italian capital, rome. Your Fan Token is Surprisingly Valuable, Since the Club Is Not Really One of the Largest in The World. However, The S.S Lazio Fan Token (Lazio) is currently trading for about $ 4.57, at 13% Drop in The Last 7 Days. The Currency has the Market Value of About $ 40 million.

You do not have to be the fan of theese clubs to buy thesis. But Since they have no Much Intrinsic Value, they can be highly risky.

The Best Tokens Of The Soccer Club Supporter to Buy With Market Value
The Encryption Market Generally Attracts Many Innovations. But there and there are the chips that are simply released for this well-being factor and are not really based on any intrinsic value. The Soccer Chips are in this category. Basically, they are designed to be part of the passionate and lyal fan base we know in football. However, Here Are Some Data On Soccer Tokens:

Soccer Fan Tabs Generally do Not Have Much Underlying Value and Are Simply Loyalty Active Directed To Fans.



Some SOCCER Clubs are also adding The Sale of Nft Collection Items, as well as the supporter chips.



Theese Tokens Also Benefit From Visibility and Recognition Of The Name Associated With These Clubs.
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The best ERC 20 tokens to buy now

After its release in 2015, Ethereum Chain has been one of the most important driving forces in cryptography. The platform has seen the growth of innovative DApps and DeFi projects. However, their ERC 20 tokens are amazing. This is basically a technical or quality standard that all Ethereum based tokens must meet. Take a look at some highlights below:

ERC 20 tokens are governed by a set of fixed rules that determine how they can be transferred, validated, and stored.



All ERC 20 tokens are built and powered by the Ethereum blockchain, but can be traded on multiple chains.



A large percentage of cryptographic tokens released in recent years are largely ERC 20 tokens.

For traders looking for the best and perhaps most popular ERC 20 tokens, here are two names you probably didn’t know are based on this pattern.

Shiba Inu (SHIB)

Shiba Inu (SHIB) was the guide of 2021 without a doubt. The meme currency, which was launched as the Ultimate Dogecoin Killer (DOGE), soared in value, ranking one point in the top 10 cryptographic assets by market capitalization.

While SHIB remains a speculative asset with very little intrinsic value, it turned people into millionaires in the past year. This is also an ERC 20 token, and at the time of this writing the SHIB was selling for $0.00003394. The currency also has a market capitalization of $18.6 billion.

Chain link (LINK)

Unlike Shiba Inu, Chainlink (LINK) is really an excellent investment with very decent underlying fundamentals. It’s basically a smart contract blockchain layer that allows for universally interconnected contracts.

LINK, its native token, is an ERC 20 currency and is among the top 20 currencies in terms of market capitalization. At the time of this writing, LINK was selling for $22.51 with a market capitalization of about $10.5 billion.