Thailand

Thailand is making a bold move to support crypto growth by announcing a five-year tax exemption on income from cryptocurrency sales. Starting from January 1, 2025, to December 31, 2029, individuals selling digital assets like Bitcoin through licensed platforms in the country will not have to pay capital gains tax.
This exemption was officially announced by Deputy Finance Minister Julapun Amornvivat on June 17. The goal is to make Thailand a global hub for digital finance and innovation while also keeping the industry well-regulated and transparent.
Boosting Crypto Trade Under Regulation
The tax waiver will only apply to sales made through cryptocurrency service providers that are officially licensed under Thailand’s 2018 Royal Decree on Digital Asset Businesses. These include registered exchanges, brokers, and dealers that are overseen by the Thai SEC.
Julapun explained that this step is part of a broader plan to help Thailand become more competitive in the world’s growing digital economy. He added that trading of cryptocurrency, if properly regulated, could contribute substantially to economic development. The government has forecasted that the tax benefits could assist generate more than 1 billion baht (around $30.7 million) in additional tax revenue in the medium term by encouraging more activity in the local cryptocurrency industry.
Thailand Aims for Transparency
Besides helping traders save money, the taxation rule is meant to promote legal and safe crypto trading. Thailand’s government is following the anti-money laundering (AML) policies recommended by the Financial Action Task Force (FATF). The country’s Revenue Department is also working on adopting an international system, led by the OECD, to share cyptocurrency data across borders. Digital transfers will become more trustworthy and transparent. 
Crypto for Fundraising and Tourism
Deputy Minister Julapun also emphasized on how cryptocurrencies can play a major role in fundraising for crucial projects and startups. The government considers cryptocurrency not just as a trading tool but as a medium to foster innovation and accelerate business development. Also, just the previous month, the Ministry of Finance in Thailand communicated plans to enable tourists to spend this new age currencies in the country. It adds to another medium of use for digital assets.
SEC Cracks Down on Unlicensed Exchanges
While the waiver on taxation shows the crypto-friendly aspect, the country is also working hard to control illicit crypto activities. In late May, the Thai SEC decided to block five global exchanges, Bybit, OKX, CoinEx, XT.COM, and Bitget, for operating without proper licenses. These bans are expected to be in place by June 28.
Subsequently, big organisations like KuCoin and Tether are improving their presence in the country. KuCoin recently secured an SEC license and opened a regulated local business. Meanwhile, Tether introduced its tokenized gold asset in the Thai market via a local platform.
Crypto Tax News in the US Too
In the US, the Ohio state government just approved a new bill granting tax-free Bitcoin payments under the amount of $200. The bill, simply referred to as the Bitcoin Rights Bill (HB 116). It protects the right to operate Bitcoin nodes and possess private keys. This change makes it more convenient for people to use BTC to make small payments without paying capital gains tax over it.
Final Thoughts
The five-year crypto tax exemption in Thailand is a strong step promoting digital growth, transparency, and innovation. In formatting clear rules and promoting licensed platforms, the objective of the nation is to become an digital asset hub in Asia. With that they are considering while safeguarding its citizens and economy.

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Listen, Thailand has really ambitious plans! They have just announced that from January 1, 2025 to December 31, 2029, income from cryptocurrencies will not be subject to income tax — but only if transactions take place through officially registered platforms under the supervision of the Securities and Exchange Commission (SEC).
The news about this was posted by Deputy Finance Minister Chulafan Amornvivat on X. According to him, this measure is not just a generous gesture, but part of a strategic plan: Thailand wants to become a center of digital assets and attract both local and international players.
That's why they do it.:
Boost the growth of your crypto market
To attract more blockchain projects and investments
Create jobs and new forms of fundraising
And, in the long run, still earn more — just a little later.
But it is important: tax benefits apply only to those who work through licensed exchanges and brokers. This entire system will be monitored not only by the SEC, but also by the Anti-Money Laundering Authority (AMLO). In other words, everything should be transparent and according to international standards.
By the way, Thailand is also preparing to introduce Global crypto reporting (CARF from the OECD) to improve transparency and prevent tax manipulation. This is not just populism — they are actually building the infrastructure for a "white" crypto economy.
If all this works out, Thailand will be able to compete with Singapore and Hong Kong for the title of Asia's crypto hub. In fact, they are betting that temporary tax breaks will bring more benefits in the future.
Do you think this strategy will work, or will such moves attract speculators more than real innovators?
#CryptoNewss #crypto #thailand #cryptocurrency

In the context of the booming cryptocurrency market, there has been an alarming increase in fraudulent activities, particularly cases involving Bitcoin. Recently, Thai police arrested a Chinese suspect linked to a 6.1 million USD Bitcoin scam, serving as a sharp reminder of the potential risks of trading digital assets in face-to-face meetings.

🚨The Prime Minister of Thailand, Prayut Chan-o-cha, has just revealed his personal assets, totaling up to 400 million dollars! 💰🇹🇭

This revelation comes amid increasing discussions about transparency and accountability in government leadership. Prayut, who has led Thailand since 2014, disclosed his entire asset portfolio as part of a mandatory declaration required by Thai law for public officials. 📝✨