17-6-2025 – Thailand has unveiled a sweeping five-year tax exemption on income derived from cryptocurrency sales, such as Bitcoin. The initiative, announced by the Ministry of Finance on 17 June 2025, will see capital gains tax waived for transactions conducted through licensed crypto asset service providers from 1 January 2025 to 31 December 2029. Deputy Finance Minister Julapun Amornvivat hailed the policy as a cornerstone in positioning Thailand as a leading hub for digital assets, aligning the nation with forward-thinking regulatory frameworks.
Government projects $30M economic boost from policy
The tax break is not merely a financial incentive but a strategic effort to bolster regulated cryptocurrency trading under the watchful eye of the Thai Securities and Exchange Commission (SEC). By adhering to Anti-Money Laundering (AML) guidelines set by the Financial Action Task Force (FATF), Thailand aims to foster a secure and transparent environment for digital asset transactions. The Ministry of Finance projects that this measure will inject at least 1 billion baht ($30.7 million) into the economy over the medium term, driven by increased tax revenue and economic expansion fuelled by crypto assets’ role in innovative fundraising.
Tourism, tokenization, and regulatory reform in focus
This progressive step follows Thailand’s broader embrace of cryptocurrencies, including plans announced on 26 May to permit crypto spending by tourists as part of sweeping regulatory reforms. However, the Thai SEC has also taken a firm stance against unlicensed operations, recently targeting five global crypto exchanges—Bybit, OKX, CoinEx, XT.COM, and again Bybit—for operating without proper local authorisation. These platforms face restrictions starting 28 June, underscoring Thailand’s commitment to balancing innovation with regulatory oversight.
Meanwhile, other crypto giants are deepening their roots in the kingdom. KuCoin has established a fully regulated subsidiary after securing an SEC licence on 13 June, while Tether, the issuer of the world’s leading stablecoin USDt, has expanded its presence by listing its tokenized gold digital asset on Thailand’s Maxbit platform in mid-May.
