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A report from Reuters indicates that Thailand Finance minister Arkhom Termpittayapaisith announced the new tax break on Tuesday, which was approved by Thailand’s cabinet. Following its approval, the corporate income tax and value-added tax for companies that issue digital tokens for investment will be waived.
To offset this loss of revenue, the government is hoping that the move helps to attract a range of companies to set up shop in Thailand and build out their crypto ecosystems. Aside from investment tokens, companies can also raise capital through traditional methods like debentures, according to deputy government spokesperson Rachada Dhnadirek.
According to a report from KBS, the new cybercrime unit will focus on three main tasks – policing the dark web, mitigating virtual asset crimes, and preventing Titus attacks. Each task will have its own subcommittee, but it's likely that the dark web subcommittee will also contribute to investigating crypto-related matters.