Operations with cryptocurrencies are now legalized in Thailand

In Thailand, legislation has come into force which regulates the turnover of cryptocurrencies and digital assets. For violation of the law, large fines and even imprisonment are threatened.

The law entered into force on May 13. Within 90 days, all persons carrying out transactions for the sale of cryptocurrencies are required to obtain registration under the Thai Stock Exchange in a special security commission – it is reported by Tass.

If you do not do this, you can get a double penalty from the amount of the operation, but not less than 500 thousand Bahts, or be in prison for a period of two years.

The new bill is designed to ensure comprehensive regulation of the currency and prevent money laundering, as well as tax evasion, explained in the country’s Ministry of Finance.

On May 8, Venezuela and Palestine announced the creation of a joint fund with an initial volume of 20 million units of Venezuelan cryptocurrency Petro. Source: iz.ru

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