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The Thai government has approved a five-year tax exemption on capital gains from cryptocurrency trading conducted through licensed platforms. This initiative is set to take effect from January 1, 2025, and will remain in place until December 31, 2029. The move aims to attract investment, stimulate economic activity, and support long-term growth within the country.
Tax Relief for Cryptocurrency Transactions
Thailand’s Deputy Finance Minister, Julapun Amornvivat, emphasized that this decision seeks to enhance the country’s competitiveness in the global cryptocurrency economy. The Ministry of Finance underscored that the policy aligns with efforts to establish Thailand as a key player in the crypto sector by promoting organized and transparent growth, along with substantial capital inflow.
According to estimates shared by the Ministry, the increased economic activity during the exemption period could yield over one billion baht in indirect tax revenue. One of the most significant advantages of this arrangement is its potential to prevent capital flight by encouraging activities on registered platforms.
Conditions and Scope of the Exemption
The capital gains tax exemption applies solely to transactions conducted on crypto asset platforms licensed by the Thai Capital Market Board. This means that investors using unlicensed platforms, either domestically or abroad, will not benefit from this exemption. Both investors and institutions must verify the licensing status of the platforms they engage with.
Officials have highlighted that this new regulation aligns with international standards set by the Organization for Economic Cooperation and Development and the Financial Action Task Force. Moreover, there is a discussion about implementing value-added tax on crypto asset transactions to further support financial stability.
Thailand’s Strategy for Cryptocurrencies
Thailand has been making significant strides in the crypto domain. In 2024, it approved its first spot Bitcoin 
$121,753 investment fund, allowing the portfolio management company ONEAM to offer Bitcoin funds to institutional investors. This fund provides a licensed and regulated product for secure investment opportunities for institutional clients.
The Thai government is pursuing a dual policy in the crypto industry by supporting licensed and registered platforms while taking stringent measures against unlicensed ones. With established regulations and tax exemptions, Thailand aims to become a regional leader in this field.
The country is keen to attract both local and international investors with its clear legal framework, transparent licensing system, and investor-friendly practices. The five-year tax exemption and new regulations aim not only to increase capital inflow but also to position Thailand as a hub for blockchain and digital assets. Under the government’s policies, the digital asset market is expected to grow in a stable and controlled manner. The evolution of crypto regulations and developments will remain key points of focus in the upcoming period.
