Thailand Approves Five-Year Crypto Tax Exemption to Boost Digital Economy
Thailand has introduced a five-year crypto tax exemption to encourage the use of digital assets like Bitcoin. This policy applies to transactions through licensed providers from 2025 to 2029. The move aims to position Thailand as a global financial hub.
Economic and Regulatory Impact
The Thai government expects this measure to boost the economy by at least 1 billion baht ($30.7 million). The Thai Securities and Exchange Commission (SEC) will oversee compliance with Anti-Money Laundering (AML) policies.
- Tax exemption period: 2025-2029
- Projected economic boost: 1 billion baht
- Regulatory oversight: Thai SEC
Recent Developments in Thailand’s Crypto Market
The Thai SEC has blocked unlicensed exchanges like Bybit and OKX. Meanwhile, KuCoin and Tether are expanding their operations in Thailand.
Expert Opinion
“This tax exemption will attract more crypto businesses to Thailand,” says a financial analyst from Bangkok University.
