Thailand has approved a five-year capital gains tax exemption on cryptocurrency transactions as part of a broader strategy to position itself as a global digital asset hub.
The Ministry of Finance confirmed that the exemption will apply to personal income tax on gains from the sale of digital assets conducted through licensed platforms.
Under the new policy, only transactions executed through digital asset exchanges, brokers, or dealers registered under the 2018 Royal Decree on Digital Asset Businesses will qualify. The exemption period is set to run from January 1, 2025, to December 31, 2029.
Thailand just approved tax exemptions on Bitcoin and crypto profits for 5 years.
This is super bullish!
Except with the way things are going, no one’s gonna have any gains left, especially in alts. pic.twitter.com/IzuDR29XEM
— Lark Davis (@TheCryptoLark) June 17, 2025
Deputy Finance Minister Julapun Amornvivat explained that this reform is expected to stimulate growth in Thailand’s digital asset ecosystem and related industries. He estimated that increased market participation, driven by the exemption, could contribute to national economic growth and generate at least 1 billion baht in tax revenue over the medium term.
In addition, Julapun emphasised the government’s commitment to transparency and regulatory compliance. He noted that the measure supports traceable digital asset trading through platforms supervised by the Anti-Money Laundering Office, in accordance with international standards set by the Financial Action Task Force (FATF). To further bolster oversight, Thailand’s Revenue Department is working to implement the OECD’s Common Reporting Standard, enabling the automatic exchange of digital asset data with other jurisdictions.
Complementing its tax reforms, Thailand is also advancing efforts to integrate cryptocurrency into the tourism sector. Deputy Prime Minister and Finance Minister Pichai Chunhavajira recently announced a plan to allow tourists to spend cryptocurrencies linked to credit cards, highlighting the country’s push to modernise its financial infrastructure and attract digital-savvy travellers.
Meanwhile, crypto exchange KuCoin has responded to Thailand’s evolving regulatory landscape by launching a fully licensed local subsidiary. Following approval from the Securities and Exchange Commission (SEC), KuCoin joins a growing list of authorised exchanges operating in the Thai market.
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