Companies will have access to alternative ways of raising capital through investment tokens in addition to traditional methods like debentures, Rachada Dhnadirek told reporters at a news conference.
The government estimates that there will be 128 billion baht worth of investment token offerings over the next two years, Rachada said, and that the government would lose tax revenue worth 35 billion baht. Cryptocurrencies have gained popularity in Thailand in recent years after the country's Securities Exchange Commission began regulating digital assets.
Catering to the grifters, magical thinkers and 'greater fools' in zero sum Ponzi/pyramid schemes will not be sustainable.
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