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Thailand Looks To Tax Cryptocurrency & Stock Trading

THB

Spot USD/THB operates -0.080 at THB32.975, with bears looking to a break below THB32.822, which limited losses on Jan 20. A breach of that level would suggest that bearish momentum is intact, drawing attention to the 200-DMA at THB32.616. Bulls need a move through Jan 10 high of THB33.747 to regain poise.

  • FinMin Arkhom suggested that Thailand may tax stock and cryptocurrency trading, with the decision on details such as the method and rate of taxes expected to be unveiled by the month-end.
  • Commerce Min Jurin pledged to tackle elevated palm oil prices, as the government is battling the rising living costs.

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