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South Korea's National Tax Service is planning to develop a virtual asset management system to prevent tax evasion using virtual assets. The system aims to analyze and manage information effectively to combat illegal activities. In a separate development, Thailand's SEC has amended its rules to allow institutional investors and high-net-worth individuals to invest in spot Bitcoin ETFs traded on U.S. exchanges.
NEW: 🇹🇭 Thailand's SEC allows institutional investors to access 🇺🇸 US #Bitcoin ETFs through private funds. https://t.co/P9BRdMMFJA
The cabinet has approved a measure to exempt investors from paying income tax on gains made from holding investment tokens that are already subjected to a 15% tax deducted at the source. "The key point is that it is a single 15% tax collection on the gains from investment tokens… https://t.co/NYdRzAIJ8h
Thailand SEC adjusts regulations to allow asset managers launch spot Bitcoin ETFs amid the success recorded in the US https://t.co/w8OHjD3jnk