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Posted 8/31/2023, 10:42:03 PM

Thailand’s national airdrop, Delio users screwed, Vietnam top crypto country: Asia Express

Thailand plans to allocate $16 billion in its budget for a crypto universal basic income scheme, while Binance Japan aims to list 100 digital assets, and Delio users' holdings have been reduced by half.

cointelegraph.com

Relevant topic timeline:

9/1/2023

HashKey Capital's $100M Digital Asset Fund to Invest Significantly in Altcoins: Reuters

Digital assets financial services firm HashKey Capital's Hong Kong-regulated fund will allocate a significant portion of its assets to altcoins, diversifying from bitcoin and ether, in order to attract investment from high-net-worth individuals and investment firms serving wealthy Asian families.

9/7/2023

New Thailand Govt Turns to Blockchain and Crypto Wallets for National Airdrop

Thailand's newly appointed government plans to distribute a cash handout to citizens using blockchain and crypto wallets, aiming to promote digital finance and reduce income disparities. The move is seen as a warm-up for the deployment of Thailand's central bank digital currency (CBDC) and is expected to add at least 2 trillion baht ($56 billion) to the economy. However, critics have raised concerns about the source of the funds and the potential erosion of privacy and financial freedom.

9/19/2023

Thailand to Tax Overseas Income and Crypto Trading Starting 2024

Thailand's Revenue Department plans to impose personal income tax on foreign revenues, including crypto trading, for individuals residing in the country for more than 180 days starting from 2024.

9/20/2023

Thailand Announces $66 Billion Borrowing Plan for 2024 to Stimulate Economy

Thailand's new government plans to borrow 2.4 trillion baht ($66.4 billion) for the fiscal year 2024, representing a 9% increase from the current year, as part of their efforts to stimulate the economy.

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