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Online gold trades could face new limits, tax reporting under PM’s directive

Online gold trades could face new limits, tax reporting under PM’s directive

13 Sept 08:38 Key points summarised by AI
  • Prime Minister Anutin Charnvirakul directs the Anti-Money Laundering Office (AMLO) to regulate online virtual gold trading, establishing it as the central hub for transaction data to combat money laundering.
  • New measures will adjust the reporting threshold for gold trades and enable the Revenue Department to tax online gold transactions, which are currently tax-free; the SEC will also impose the Travel Rule on digital asset trading.
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