On Monday, July 16, Thailand’s new regulations on digital tokens became effective.
Previously (on July 4) Deal Street Asia had reported that the nation’s financial regulators had concurred that “all vendors of digital tokens must be firms licensed under Thai law and will be allowed to offer an unrestricted amount of such assets to investors, venture capital firms and private equity companies. “Retail investors can purchase each token for around $9,100.
This move follows a March declaration in which Thailand’s Finance Ministry swore it would inflict a “15% withholding levy on revenues from cryptocurrency trade and digital tokens.”
Swift Switzerland wants to be a “Crypto Nation.”
According to Cryptovest, a digital currency reporter, Switzerland wants to transform into a crypto nation.
Well, how fast? Perhaps it’s no surprise to some as the country is known for its bank secrecy laws. And it seems the nation is drawing nearer to its dreams as reports have leaked that Swiss authorities are putting pressure on banks to be friendlier to upcoming companies that deal with cryptocurrencies.
However, Switzerland’s “stringent anti-money laundering laws and other client managing procedures,” stand as the barrier for those hatchling companies to gain access to traditional banking. And now …