In Thailand, on June 17, 2025, the Ministry of Finance announced a five-year tax exemption on income from cryptocurrency sales, specifically for transactions involving Bitcoin and other cryptocurrencies. This measure aims to bolster Thailand's standing as a global financial center.
The capital gains tax waiver applies to crypto sales conducted through licensed crypto asset service providers, effective from January 1, 2025, to December 31, 2029. Deputy Finance Minister Julapun Amornvivat stated that this initiative is designed to promote cryptocurrency trading under the supervision of the Thai Securities and Exchange Commission (SEC).
The SEC will ensure compliance with Anti-Money Laundering (AML) policies recommended by the Financial Action Task Force (FATF). The ministry estimates that crypto assets will contribute to the Thai economy, potentially increasing tax revenue by at least 1 billion baht, equivalent to $30.7 million, in the medium term.
This move follows a trend of crypto acceptance, including plans to allow crypto spending by tourists, announced on May 26. However, the SEC also blocked five global crypto exchanges in late May, including Bybit and OKX, for operating without local licenses, with enforcement expected from June 28.
Meanwhile, companies like KuCoin and Tether are expanding their presence in Thailand. KuCoin launched a regulated local subsidiary after acquiring an SEC license on June 13. Tether listed its tokenized gold digital asset on local platform Maxbit in mid-May.