Thailand tax situation

[drpreobrazhensky]

In fact, all legal crypto exchanges and money changers keep track record of IDs (online KYC docs or photocopy of ID card/passport).
The only real potential issue in Thailand remains the same: audits and law enforcement. For now, it's close to none.

The owner of this particular exchange specifically told me that there's no record keeping of any kind.

They seem to deal mostly with Russians, maybe that's a factor.

Not paying 55% tax is also stone age in the most developed countries of the world. Beware of certain advances and what you wish for...

I hear you.

But you won't stop progress and you probably won't become an Amish.

I'm a big fan of Bitcoin Cash for that reason, it just lacks widespread adoption but seems to have a decent head start as decentralized, p2p cash.

The more draconian all the govs become the more it will push people into parallel economies, anonym crypto payments / gold, etc.

 

[scooterguy]

I hear you.

But you won't stop progress and you probably won't become an Amish.

I'm a big fan of Bitcoin Cash for that reason, it just lacks widespread adoption but seems to have a decent head start as decentralized, p2p cash.

The more draconian all the govs become the more it will push people into parallel economies, anonym crypto payments / gold, etc.

I agree.

 

[MagicMatt]

I was on a flight in December with Ursula von de Leyen..

It was clear from my couple of hours chatting with her (Dubai to Brussels) that the EU is a basket case.

Move your money to the Caribbean where privacy laws still protect clients.

 

[JackAlabama]

I was on a flight in December with Ursula von de Leyen..

It was clear from my couple of hours chatting with her (Dubai to Brussels) that the EU is a basket case.

Move your money to the Caribbean where privacy laws still protect clients.

what has ursula done in Dubai?

 

[MagicMatt]

She was returning from that COP24 thing.

 

[wellington]

It’s not enough moving your funds - you need to move yourself and you need to obtain citizenship from an irrelevant country that has half decent taxes or no taxes and has a young demographic makeup.