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Thailand's ambition to become a Crypto hub is growing. This Southeast Asian country located on the Indochina Peninsula is moving to eliminate all capital gains tax on Crypto for the next 5 years. Last Tuesday, this Crypto tax elimination measure was announced by Julapun Amornivivat, the Deputy Minister of Finance in the Thai government.

The new Crypto-friendly regulation will free taxes from January 1, 2025, to December 31, 2029. All capital gains earned from the sale of digital assets through licensed exchanges, brokers, and Crypto dealers will qualify for full Crypto tax exemption. This move comes just one month after the Thai government introduced the G token, which is an investment bond issued by the government.