Thailand’s SEC sues 5 for wash trading activities

Thailand’s Securities and Exchange Commission (SEC) is suing five entities over wash trading activities on two crypto exchanges, Bitkub and Satang corporation. According to a Sept. 27 press release from the regulator, public prosecutors have been directed to sue Bitkub and two individuals for creating artificial volume for digital assets in the exchange. The lawsuit…

Crypto traders to pay 15% of their gains as tax in Thailand

The Republic of Thailand has broken the news that crypto traders in the country will now have to pay a capital gain tax of 15%, on all of their crypto trades. Thailand introduces new crypto tax law On January 6th, the Bangkok Post disclosed that the Thailand Finance Ministry reported that players in the crypto industry…