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Top 10 exchanges this weekend for Spot trading according to #CMC - #Dyor2024
#exchanges #Spottrading
#exchanges #Spottrading
Boom of Native Tokens - November Price Performance Review of Major Exchange Coins/Tokens
CEXs
Gainers:
CRO (Crypto.com): Up by 180.8%
HT (Huobi): Up by 74.3%
OKB (OKX): Up by 45.3%
LEO (Bitfinex): Up by 44.6%
BGB (Bitget): Up by 41.7%
KCS (KuCoin): Up by 40%
GT (Gate.io): Up by 35.3%
WBT (WhiteBIT): Up by 23.3%
$BNB (Binance): Up by 15%
DEXs
Gainers:
$XLM (Stellar): Up by 480.4%
LRC (Loopring): Up by 130.1%
SUSHI (SushiSwap): Up by 118.3%
1INCH (1inch Network): Up by 111.5%
UNI (Uniswap): Up by 96.7%
CAKE (PancakeSwap): Up by 91.1%
OSMO (Osmosis): Up by 60.7%
GNO (Gnosis): Up by 34.6%
$JUP (Jupiter): Up by 29.4%
RUNE (Thorchain): Up by 21.5%
Numbers are according to CoinGecko (04.11.2024 - 14:00 UTC).
Summary
CRO (Crypto.com) dominated among CEX tokens with an explosive 180.8% surge(Almost 3x), while XLM (Stellar) led the DEX tokens with a staggering 480.4% increase. HT (Huobi) and OKB(OKX) also showed strong growth with 74.3%, 45,3%, and almost all the DEX tokens impressed us with a remarkable rise. The market witnessed impressive gains overall, highlighting significant bullish momentum across both centralized and decentralized exchanges.
#BnbAth #BNBAnalysis #exchanges #XLM/USDT
CEXs
Gainers:
CRO (Crypto.com): Up by 180.8%
HT (Huobi): Up by 74.3%
OKB (OKX): Up by 45.3%
LEO (Bitfinex): Up by 44.6%
BGB (Bitget): Up by 41.7%
KCS (KuCoin): Up by 40%
GT (Gate.io): Up by 35.3%
WBT (WhiteBIT): Up by 23.3%
$BNB (Binance): Up by 15%
DEXs
Gainers:
$XLM (Stellar): Up by 480.4%
LRC (Loopring): Up by 130.1%
SUSHI (SushiSwap): Up by 118.3%
1INCH (1inch Network): Up by 111.5%
UNI (Uniswap): Up by 96.7%
CAKE (PancakeSwap): Up by 91.1%
OSMO (Osmosis): Up by 60.7%
GNO (Gnosis): Up by 34.6%
$JUP (Jupiter): Up by 29.4%
RUNE (Thorchain): Up by 21.5%
Numbers are according to CoinGecko (04.11.2024 - 14:00 UTC).
Summary
CRO (Crypto.com) dominated among CEX tokens with an explosive 180.8% surge(Almost 3x), while XLM (Stellar) led the DEX tokens with a staggering 480.4% increase. HT (Huobi) and OKB(OKX) also showed strong growth with 74.3%, 45,3%, and almost all the DEX tokens impressed us with a remarkable rise. The market witnessed impressive gains overall, highlighting significant bullish momentum across both centralized and decentralized exchanges.
#BnbAth #BNBAnalysis #exchanges #XLM/USDT
India Blocks Binance and Other Major Offshore #exchanges Over Non Compliance
The Indian finance ministry has issued show-cause notices for compliance to nine offshore #cryptocurrency exchanges, including major platforms like Binance, Kucoin, and Huobi. These exchanges are accused of operating illegally in India without adhering to local money laundering laws, specifically the Prevention of Money Laundering Act (PMLA), 2002. The affected exchanges, including Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex, have been instructed to explain their non-compliance.
In response to the alleged violations, the finance ministry has requested the information technology ministry to block the URLs of these exchanges for operating illegally within the country. The ministry clarified that virtual digital asset (VDA) service providers engaging in activities like exchanging virtual digital assets with fiat currencies and administering these assets must register with the Financial Intelligence Unit-India (FIU-IND).
The finance ministry highlighted that the obligation for registration and compliance is irrespective of physical presence in India, encompassing reporting, record-keeping, and other obligations under the PMLA. While 31 virtual digital asset service providers have registered with the FIU-IND, offshore entities serving a significant portion of Indian users have reportedly failed to comply with the Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) framework.
It's noted that the current 1% tax on every crypto transaction in India on local exchanges has led many users to migrate to foreign platforms. The implementation of this tax has resulted in a loss of potential revenues of approximately $420 million to the Indian government. Between February and July 2022, three to five million Indian users shifted to offshore platforms, with a single offshore exchange reporting a significant surge of 450,000 sign-ups in the month following the tax implementation in July 2022.
#CryptoNews🔒📰🚫 #BinanceSquareTalks #CryptoExchangeUpdate
The Indian finance ministry has issued show-cause notices for compliance to nine offshore #cryptocurrency exchanges, including major platforms like Binance, Kucoin, and Huobi. These exchanges are accused of operating illegally in India without adhering to local money laundering laws, specifically the Prevention of Money Laundering Act (PMLA), 2002. The affected exchanges, including Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex, have been instructed to explain their non-compliance.
In response to the alleged violations, the finance ministry has requested the information technology ministry to block the URLs of these exchanges for operating illegally within the country. The ministry clarified that virtual digital asset (VDA) service providers engaging in activities like exchanging virtual digital assets with fiat currencies and administering these assets must register with the Financial Intelligence Unit-India (FIU-IND).
The finance ministry highlighted that the obligation for registration and compliance is irrespective of physical presence in India, encompassing reporting, record-keeping, and other obligations under the PMLA. While 31 virtual digital asset service providers have registered with the FIU-IND, offshore entities serving a significant portion of Indian users have reportedly failed to comply with the Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) framework.
It's noted that the current 1% tax on every crypto transaction in India on local exchanges has led many users to migrate to foreign platforms. The implementation of this tax has resulted in a loss of potential revenues of approximately $420 million to the Indian government. Between February and July 2022, three to five million Indian users shifted to offshore platforms, with a single offshore exchange reporting a significant surge of 450,000 sign-ups in the month following the tax implementation in July 2022.
#CryptoNews🔒📰🚫 #BinanceSquareTalks #CryptoExchangeUpdate
caso #solesbot
Capítulo 5
una nueva etapa dentro del Scam, en la que aparecían más dudas razonables, pero seguía “funcionando”.
Raúl Soles resultó ser un animador al mejor estilo de Don Francisco, tal cual pastor evangelista, pero del culto a la riqueza y el éxito. Se presentó como un hombre cuyo origen humilde, que no podía ocultar por lo extravagante de las curiosas joyas que lucía, una colección de gruesos anillos de oro y un reloj Rolex, y ese particular peinado al estilo de un cantante que llaman Ozuna (de cuya existencia también me enteré a raíz de este show), su discurso, indudablemente bien estudiado se basaba en premisas obviamente conocidas dentro de todo aquel movimiento del desarrollo personal, la visualización del éxito y el coaching, de hecho, el tipo malos consejos no daba durante los contactos que hizo con sus fans en las RRSS 🙄😅, en verdad el tipo era un astro, un artista, un buen estafador. 🤡
Por otra parte, la plataforma de Solesbot tenía nuevas herramientas, nuevas funciones, aparentaba ser cada vez más completa y robusta, no obstante, el comportamiento de las funciones que más se utilizaban, arbitraje, depósitos y retiros, comenzaron a presentar anomalías que muchos usuarios comenzaron a notar y a denunciar.
Los números dejaron de cuadrar! 👀
El supuesto robot de arbitraje presentaba “errores” 🤖💥, para los cuales siempre había una explicación: mantenimiento, mejoras, fallas de conexión con los #exchanges , etc.
Capítulo 5
una nueva etapa dentro del Scam, en la que aparecían más dudas razonables, pero seguía “funcionando”.
Raúl Soles resultó ser un animador al mejor estilo de Don Francisco, tal cual pastor evangelista, pero del culto a la riqueza y el éxito. Se presentó como un hombre cuyo origen humilde, que no podía ocultar por lo extravagante de las curiosas joyas que lucía, una colección de gruesos anillos de oro y un reloj Rolex, y ese particular peinado al estilo de un cantante que llaman Ozuna (de cuya existencia también me enteré a raíz de este show), su discurso, indudablemente bien estudiado se basaba en premisas obviamente conocidas dentro de todo aquel movimiento del desarrollo personal, la visualización del éxito y el coaching, de hecho, el tipo malos consejos no daba durante los contactos que hizo con sus fans en las RRSS 🙄😅, en verdad el tipo era un astro, un artista, un buen estafador. 🤡
Por otra parte, la plataforma de Solesbot tenía nuevas herramientas, nuevas funciones, aparentaba ser cada vez más completa y robusta, no obstante, el comportamiento de las funciones que más se utilizaban, arbitraje, depósitos y retiros, comenzaron a presentar anomalías que muchos usuarios comenzaron a notar y a denunciar.
Los números dejaron de cuadrar! 👀
El supuesto robot de arbitraje presentaba “errores” 🤖💥, para los cuales siempre había una explicación: mantenimiento, mejoras, fallas de conexión con los #exchanges , etc.
OPNX, also known as Open Exchange, is a platform that combines features of a bankruptcy claims and cryptocurrency exchange, launched by Su Zhu and Kyle Davies, who previously co-founded the Singapore-based cryptocurrency hedge fund Three Arrows Capital (3AC). The fund went bankrupt in June 2022, leading to the establishment of OPNX.
Recently, OPNX has announced its decision to shut down its operations by February 14, 2024. Users of the platform have been advised to settle all their positions by February 7 and withdraw their funds by the shutdown date. After February 14, the withdrawal functionality will be disabled on the platform. This development follows the earlier bankruptcy of Three Arrows Capital, highlighting the continuing volatility and challenges in the cryptocurrency market.
For more detailed information, you can visit the sources of this news at Cointelegraph
https://cointelegraph.com/news/three-arrows-capital-opnx-exchange-shutting-down-february
#TradeNTell #Write2Earn #exchanges #TrendingTopic
Recently, OPNX has announced its decision to shut down its operations by February 14, 2024. Users of the platform have been advised to settle all their positions by February 7 and withdraw their funds by the shutdown date. After February 14, the withdrawal functionality will be disabled on the platform. This development follows the earlier bankruptcy of Three Arrows Capital, highlighting the continuing volatility and challenges in the cryptocurrency market.
For more detailed information, you can visit the sources of this news at Cointelegraph
https://cointelegraph.com/news/three-arrows-capital-opnx-exchange-shutting-down-february
#TradeNTell #Write2Earn #exchanges #TrendingTopic
Osaka Digital Exchange seeks to roll out Japan’s first digital securities trading in December.
#exchanges #CryptoTrends2024 #CryptoMarketDynamics #CryptoNews🔒📰🚫
#exchanges #CryptoTrends2024 #CryptoMarketDynamics #CryptoNews🔒📰🚫
#Fastnews
Binance Market Share dropped from 50% to 30.1% this year while facing regulatory challenges.
#Binance #exchanges #crypto #regulation
Binance Market Share dropped from 50% to 30.1% this year while facing regulatory challenges.
#Binance #exchanges #crypto #regulation
TOP 20 CRYPTOCURRENCY SPOT EXCHANGES
This ranking is based on traffic, liquidity, trading volumes, confidence in the legitimacy of trading volumes reported, and qualitative factors such as longevity, reputation, public audits (e.g. PoR), licenses, and user feedback.
1. Binance (Score 9.9/10)
2. Coinbase Exchange (Score 8.2/10)
3. Bybit (Score 7.8/10)
4. OKX (Score 7.8/10)
5. Upbit (Score 7.4/10)
6. Kraken (Score 7.3/10)
7. KuCoin (Score 6.9/10)
8. Gate.io (Score 6.9/10)
9. HTX (Score 6.9/10)
10. Bitfinex (Score 6.8/10)
11. MEXC (Score 6.7/10)
12. Bitget (Score 6.7/10)
13. Bitstamp (Score 6.7/10)
14. Crypto.com Exchange (6.6/10)
15. Binance TR (Score 6.5/10)
16. Gemini (Score 6.5/10)
17. Binance US (Score 6.5/10)
18. Tokocrypto (Score 6.1/10)
19. BingX (Score 6.1/10)
20. bitFlyer (Score 6.1/10)
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#cryptooinsigts #exchanges #binance #HotTrends #HotTopics
This ranking is based on traffic, liquidity, trading volumes, confidence in the legitimacy of trading volumes reported, and qualitative factors such as longevity, reputation, public audits (e.g. PoR), licenses, and user feedback.
1. Binance (Score 9.9/10)
2. Coinbase Exchange (Score 8.2/10)
3. Bybit (Score 7.8/10)
4. OKX (Score 7.8/10)
5. Upbit (Score 7.4/10)
6. Kraken (Score 7.3/10)
7. KuCoin (Score 6.9/10)
8. Gate.io (Score 6.9/10)
9. HTX (Score 6.9/10)
10. Bitfinex (Score 6.8/10)
11. MEXC (Score 6.7/10)
12. Bitget (Score 6.7/10)
13. Bitstamp (Score 6.7/10)
14. Crypto.com Exchange (6.6/10)
15. Binance TR (Score 6.5/10)
16. Gemini (Score 6.5/10)
17. Binance US (Score 6.5/10)
18. Tokocrypto (Score 6.1/10)
19. BingX (Score 6.1/10)
20. bitFlyer (Score 6.1/10)
👉 If you want to get $100k blast-off bonus, then visit;
https://linktr.ee/eurekabizdev
👉 Don't forget to follow me and like this post.
👉 Also visit my profile to see more informative posts.
#cryptooinsigts #exchanges #binance #HotTrends #HotTopics
Over the period of time, crypto charts patterns have been changed by Exchanges or manipulated.
Previously everyone used to follow charts but since exchanges are busy manipulating crypto prices, they have disrespected most chart patterns that they teach themselves in this training...
Exchanges are making this crypto industry fall big time and major reason why Bitcoin is just becoming ordinary
What a shame #exchanges #cex
Previously everyone used to follow charts but since exchanges are busy manipulating crypto prices, they have disrespected most chart patterns that they teach themselves in this training...
Exchanges are making this crypto industry fall big time and major reason why Bitcoin is just becoming ordinary
What a shame #exchanges #cex
List of known fake crypto exchanges
List of known fake crypto exchanges
As of 2024, here are some known fake crypto exchanges to avoid using:
I Texus TradeDartyaBravoFXBIPPAXDigi CoinsPrimegroup.globalSafepalesa.comEthereum x corpLidcoin Trading CenterMindstoneltd.orgWhitcoin Pro ExchangeX Coin TradingFX Alliance TradersPinance.ioFile Coins FoundationHOO Tech LtdOS Option ExchangePrivmoney (Private Money)GE ChainsDCEX ExchangeSun Bit ProaStunwill LtdPoloinaRudolf Stark Pro StationTrusted StationsGood-bookingline.combitcoinfied.comlegalcryptocoinstrade.comBitcoin-win.comBityardus.gocoinoptions.comThe Big MarsTony Alin Trading FirmJulysilMT7 CoinDahua Top VIP (Dahuag VIP)Micavhe.topgmelaunch.comRhenium (Nodium)Spotalertweb.comMantao NetworkBytobit.comAtmos NOAH Cryptocurrency Investment GroupOpenSoil (Open Soil X)CoinList RoGetbonusx2.com (getx2.net)Crystal Linkz FX (Crystal Linkz FX Link Zen)oinWproTurbine Trade FideFX LTD (fiefx.cc)Yo Bit ProPublic RealmWhitemax.usTurtsgrupfk.top100ExCoineggBitcoin Vest CloudExNowKenskr AIUniswap.LLCGlobal tek Forex TradingNasdaqon.comAmead Digital Currency Co. LTDCoin Pro X US
Best Crypto For Buy Now
Bitcoin $BTC , TonCoin $TON , Solana $SOL
#exchanges #CryptoMarketMoves #cryptonewss #BecomeCreator
As of 2024, here are some known fake crypto exchanges to avoid using:
I Texus TradeDartyaBravoFXBIPPAXDigi CoinsPrimegroup.globalSafepalesa.comEthereum x corpLidcoin Trading CenterMindstoneltd.orgWhitcoin Pro ExchangeX Coin TradingFX Alliance TradersPinance.ioFile Coins FoundationHOO Tech LtdOS Option ExchangePrivmoney (Private Money)GE ChainsDCEX ExchangeSun Bit ProaStunwill LtdPoloinaRudolf Stark Pro StationTrusted StationsGood-bookingline.combitcoinfied.comlegalcryptocoinstrade.comBitcoin-win.comBityardus.gocoinoptions.comThe Big MarsTony Alin Trading FirmJulysilMT7 CoinDahua Top VIP (Dahuag VIP)Micavhe.topgmelaunch.comRhenium (Nodium)Spotalertweb.comMantao NetworkBytobit.comAtmos NOAH Cryptocurrency Investment GroupOpenSoil (Open Soil X)CoinList RoGetbonusx2.com (getx2.net)Crystal Linkz FX (Crystal Linkz FX Link Zen)oinWproTurbine Trade FideFX LTD (fiefx.cc)Yo Bit ProPublic RealmWhitemax.usTurtsgrupfk.top100ExCoineggBitcoin Vest CloudExNowKenskr AIUniswap.LLCGlobal tek Forex TradingNasdaqon.comAmead Digital Currency Co. LTDCoin Pro X US
Best Crypto For Buy Now
Bitcoin $BTC , TonCoin $TON , Solana $SOL
#exchanges #CryptoMarketMoves #cryptonewss #BecomeCreator
📣 In 2023 So far, at least 3,445 tokens and trading pairs have been delisted from exchanges.
#crypto2023 #exchanges #cryptocurrency #crypto
#crypto2023 #exchanges #cryptocurrency #crypto
📉 Despite $BTC s recent rally, a record number of digital tokens are being delisted from #exchanges such as Coinbase and #Binance
💣 This is likely due to a combination of factors, including low #liquidity & regulatory pressure.
💣 This is likely due to a combination of factors, including low #liquidity & regulatory pressure.
Crypto Exchange Luno Receives License From South Africa’s Financial Regulator
Luno, a cryptocurrency exchange, becomes the first firm in South Africa to receive a Financial Services Provider license from the FSCA due to the declaration of crypto assets as financial products in 2002. Christo de Wit, Luno's South Africa manager, emphasized the importance of compliance and security for customers. FSCA approved licenses for 59 cryptocurrency exchanges out of over 300 applicants, as the regulatory body aims to protect consumers from risks and financial crimes related to crypto assets. The FSCA's framework addresses the need to regulate crypto assets in response to increased consumer interest and instances of abuse and fraud in the market
#cryptonews #crypto #exchanges #Write2Earn
Luno, a cryptocurrency exchange, becomes the first firm in South Africa to receive a Financial Services Provider license from the FSCA due to the declaration of crypto assets as financial products in 2002. Christo de Wit, Luno's South Africa manager, emphasized the importance of compliance and security for customers. FSCA approved licenses for 59 cryptocurrency exchanges out of over 300 applicants, as the regulatory body aims to protect consumers from risks and financial crimes related to crypto assets. The FSCA's framework addresses the need to regulate crypto assets in response to increased consumer interest and instances of abuse and fraud in the market
#cryptonews #crypto #exchanges #Write2Earn
90-day website traffic to crypto exchanges has increased 45% from the Aug-Oct figures, suggesting that retail is gradually returning to the market.
#WebTraffic #exchanges #BullRun🐂
#WebTraffic #exchanges #BullRun🐂
What an #unlucky guy!
He got 275,700 $LINK ($4.42M) stolen by a #phishing #attack .
This guy accumulated 290,750 #LINK ($2.26M) at $7.8 from #exchanges between Jun 7, 2022, and Oct 14, 2023, a profit of nearly ~$2.4M currently.
Unfortunately, he accidentally clicked on the phishing link and was deceived into signing the approval transaction.
Ultimately, he lost a profit of $2.4M and a cost of $2.26M, a total loss of $4.66M!
He got 275,700 $LINK ($4.42M) stolen by a #phishing #attack .
This guy accumulated 290,750 #LINK ($2.26M) at $7.8 from #exchanges between Jun 7, 2022, and Oct 14, 2023, a profit of nearly ~$2.4M currently.
Unfortunately, he accidentally clicked on the phishing link and was deceived into signing the approval transaction.
Ultimately, he lost a profit of $2.4M and a cost of $2.26M, a total loss of $4.66M!
🚨🚨 13000 usdt Swiped to 0 / Big fraud by BITBNS🚨🚨.
BITBNS a crypto exchange That has Been operating in india since quite a long time and had suspended it’s withdrawals since nov last year. Is again In newses, Many Users of the exchange has complained that there Balance has turned into zero (As reported by Ht) One user reported His account has had 1.2 MILLION INR (nearly 13000 usdt equivalent ) crypto which has turned zero. Although the CEO of app has said that it’s just a minor glitch and nothing else . Noteably the exchange has been Accepting deposits but withdrawals are suspended.
Do you have ur money stuck anywhere ? comment 👇
Also avoid using such exchanges when trustable exchanges like binance Are in the space
#exchanges #ScamAlert
BITBNS a crypto exchange That has Been operating in india since quite a long time and had suspended it’s withdrawals since nov last year. Is again In newses, Many Users of the exchange has complained that there Balance has turned into zero (As reported by Ht) One user reported His account has had 1.2 MILLION INR (nearly 13000 usdt equivalent ) crypto which has turned zero. Although the CEO of app has said that it’s just a minor glitch and nothing else . Noteably the exchange has been Accepting deposits but withdrawals are suspended.
Do you have ur money stuck anywhere ? comment 👇
Also avoid using such exchanges when trustable exchanges like binance Are in the space
#exchanges #ScamAlert
Thai Cryptocurrency Exchanges Respond to New Tax Guidelines
In Thailand, cryptocurrency #exchanges are beginning to inform their customers about the impacts that tax changes may have on their #cryptocurrency trading activities.
Changes in Tax Policy and Exchanges Response
These steps are a response to the recently introduced tax policies by the Thai government, aimed at generating revenue from the cryptocurrency sector. Local tax authorities had earlier announced that incomes from cryptocurrencies would now be taxed.
In response to this situation, Thai exchanges, including the popular Bitkub exchange, have started alerting their clients about these changes. For instance, Bitkub updated its frequently asked questions section on its website to reflect the new tax regulations.
Tax Implications for Cryptocurrency Users
According to information published on the exchanges, taxable entities will include “persons who sell, pay, transfer, or exchange cryptocurrencies/digital tokens” on exchanges registered in Thailand. This also encompasses #cryptominers and individuals earning in cryptocurrencies.
The FAQ section on the exchanges also provides detailed information about the taxation of digital assets held by users. However, the exchanges emphasize that they do not provide customer information to tax authorities unless explicitly requested by the customer.
According to a September 2023 report from Bangkok Post, it appears that most of these changes pertain to incomes or assets acquired abroad. These changes impact various groups, including citizens involved in cryptocurrency trading in Thailand.
History of Tax Changes in the Cryptocurrency Sector
This is not the first time the Thai government has introduced specific taxes for the cryptocurrency sector. In January 2022, a 15% capital gains #tax was introduced on incomes from cryptocurrency trading. This tax will apply to Thai citizens and foreigners who have spent more than 180 days in the country, effective immediately upon the new rules coming into force.
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Changes in Tax Policy and Exchanges Response
These steps are a response to the recently introduced tax policies by the Thai government, aimed at generating revenue from the cryptocurrency sector. Local tax authorities had earlier announced that incomes from cryptocurrencies would now be taxed.
In response to this situation, Thai exchanges, including the popular Bitkub exchange, have started alerting their clients about these changes. For instance, Bitkub updated its frequently asked questions section on its website to reflect the new tax regulations.
Tax Implications for Cryptocurrency Users
According to information published on the exchanges, taxable entities will include “persons who sell, pay, transfer, or exchange cryptocurrencies/digital tokens” on exchanges registered in Thailand. This also encompasses #cryptominers and individuals earning in cryptocurrencies.
The FAQ section on the exchanges also provides detailed information about the taxation of digital assets held by users. However, the exchanges emphasize that they do not provide customer information to tax authorities unless explicitly requested by the customer.
According to a September 2023 report from Bangkok Post, it appears that most of these changes pertain to incomes or assets acquired abroad. These changes impact various groups, including citizens involved in cryptocurrency trading in Thailand.
History of Tax Changes in the Cryptocurrency Sector
This is not the first time the Thai government has introduced specific taxes for the cryptocurrency sector. In January 2022, a 15% capital gains #tax was introduced on incomes from cryptocurrency trading. This tax will apply to Thai citizens and foreigners who have spent more than 180 days in the country, effective immediately upon the new rules coming into force.
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“