Thailand Approves 5-Year Crypto Tax Break to Spur Growth

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Thailand Approves 5-Year Crypto Tax Break to Spur Growth
Thailand has approved a five-year capital gains tax exemption on cryptocurrency sales made through licensed platforms, effective from 1 January 2025 to 31 December 2029. The move aims to boost Thailand’s role as a global financial and digital asset hub while aligning with Anti-Money Laundering guidelines. Authorities expect this policy to add over 1 billion baht (~$30.7 million) to the economy. The announcement comes as Thailand’s SEC tightens control, recently blocking five unlicensed crypto exchanges. Meanwhile, licensed players like KuCoin and Tether continue to expand in the Thai market.