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?
