Arkhom pledges support, but recent rules cast doubt

The government wants to support the use of digital assets to build the Thai economy, says Finance Minister Arkhom Termpittayapaisith.

The Finance Ministry wants to promote digital asset trade and the use of digital assets to raise capital, he said.

However, digital asset usage must not affect the country’s financial system, Mr Arkhom said at a cryptocurrency seminar on Wednesday, hosted by Thansettakij Multimedia Co Ltd.

He said the ministry aims to make it easier for digital asset investors to pay taxes on profits.

Profits earned from cryptocurrency trading, Bitcoin mining and the dividends or interest gained from investment in cryptocurrencies are all subject to a 15% withholding tax.

Mr Arkhom said the Revenue Department introduced the law to create the tax in…