Thailand to Offer Tax Breaks for Firms that Issue Security Tokens

• Thailand’s government said it would waive corporate income tax and value-added tax for companies that issue digital tokens.
• Along with traditional methods like debentures, companies can take advantage of alternative sources of raising capital in the country.
• According to the government, Thailand can be home to $3.71B worth of security token offerings over the next two years.
• Last year, the Thailand government relaxed its crypto tax rules to promote growth in the sector. The country’s SEC oversees cryptocurrency regulation in the country.

This is a developing story and will be updated.