Thailand exempts Crypto tax until 2029
The cryptocurrency market has just received a positive signal from Asia as the Thai Ministry of Finance announced a policy exempting income tax from profits (capital gains tax) for crypto transactions such as Bitcoin on licensed exchanges. This policy will take effect from January 1, 2025, and will last until December 31, 2029.
🎯 This is not only a tax incentive policy but also a strategic move to strengthen Thailand's position as a global financial hub, while promoting the legal and sustainable adoption of digital assets.
According to the statement from the Thai Deputy Finance Minister, the new policy will:
- Encourage both domestic and foreign investors to trade within the legal framework, facilitating the development of the market.
- Enhance transparency when conducting transactions on exchanges supervised by the Thai Securities and Exchange Commission (SEC).
- Ensuring financial safety, as all transactions must comply with international anti-money laundering regulations set by the Financial Action Task Force (FATF).
🌍 This move reflects the strong commitment of the Thai government to integrate with the global Web3 trend, creating a favorable and transparent environment for businesses and investors in the crypto field.
🔑 With an attractive tax policy extended to 2029, Thailand is emerging as an attractive destination for the cryptocurrency community, promising to bring significant momentum for capital flow and innovation in the regional blockchain ecosystem.$XRP
