Thai Excise Department Will Deploy Blockchain Tech to Boost Tax Collection
All three of Thailand's tax departments reportedly aim to improve tax revenue collection using blockchain technology.
The free zone accepts payments in bitcoin, ether and the tether stablecoin.
Blockchain Australia CEO Steve Vallas believes the country is "well placed" when it comes to blockchain, but financial regulators need to take a more active role.
"It is a good example of a policy area where independence allows us to be more agile," said Xavier Rolet and others in a blog post.
The bill would potentially kick off the development of a digital rupee while banning “private cryptocurrencies.”
Russian civil servants must start reporting their crypto assets as the country's first crypto law comes into force in January.
The Thai government and pro-democracy protesters are at war over social media. Authorities blocked local access to a Facebook group that was critical of the monarchy. Young protesters now fear the military government is interfering with Twitter as well.