what other purpose do you mean, in my opinion that is a very good thing. the country is already eager to protect investors from fraud. there is no purpose other than for the security of investors

this is a positive idea by legalizing digital currencies like bitcoin, so investors in that country will grow.

I think that was a good sign that your country already start accepting cryptocurrency or bitcoin. And if they saw that there are a good intention  in this field maybe in the future your country will also help and accept bitcoin.

The Thai government has given its approval for the long-waited tax framework that stipulates cryptocurrency transactions regulation in said country. The announcement was made by the Ministry of Finances Apisak Tnativorawong, through local news outlet Nikkei Asian Review. According to it, Tantivorawong asserted that during a meeting of the cabinet on March 27, it was proposed that Thailand’s Revenue Department should collect the value-added tax (VAT) – that is, the 7% on digital currency transactions, and 15% on the possession of cryptocurrencies and any amount raised from an ICO; however this measure will not apply to retail investors.

does this include expensive? the tax for ownership of crypto currency reaches 15% including bounty results, then with taxes of that size what is the benefit for the owners of crypto currency in thailand?

In the long run, this is a good thing. We will avoid the losses caused by many scam ICOs, clean up those unrealistic projects, let the real powerful projects survive better, and concentrate funds on those promising projects. Instead of investing in those air projects.

the countries billionaires, will then lobby towards impossible to achieve licenses that they give only to themselves, and rule over the country like a neomonarchs for eternity.

trusting them is like trusting communism, that system wont work in the end.

Could it happen? the billionaires in a country can eventually regulate the country after regulation of bitcoin? whether the economy of the country will be disrupted?

it might just protect investors. but actually, the most common Bitcoin weakness lies in its user error. Bitcoin wallet data that holds private keys can be erased accidentally, lost, or stolen. This is similar to physical cash stored in digital form. Fortunately, users can apply security measures to protect their money or use the services of providers that offer high-level security and insurance against theft or loss.