🇹🇭 Thailand eliminates crypto income tax for 5 years
#thailand has approved a five-year tax exemption on #crypto gains to attract capital and strengthen its position as a regional fintech hub.
➡️ What’s been approved?
🟡 Capital gains tax on crypto will be waived from January 1, 2025 to December 31, 2029
🟡 The exemption applies only to trades made through licensed providers
🟡 The minimum expected boost to the economy is 1 billion baht ($30.7M)
➡️ Why is Thailand doing this?
🟡 To grow the crypto market under SEC oversight and within AML rules
🟡 To boost its image as an innovation-driven financial hub
🟡 To support fundraising via crypto assets
➡️ Context
🟡 In May, the #SEC banned 5 exchanges (including Bybit and OKX) from operating without a license
🟡 KuCoin launched a licensed Thai subsidiary
🟡 Tether started listing tokenized gold in Thailand
Thailand is betting on regulation over bans — making it increasingly attractive for crypto traders and projects across Asia.
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