- Thailand will waive capital gains tax on crypto sales via licensed platforms from 2025 to 2029.
- The policy aims to boost economic growth, attract innovation, and support compliant fundraising efforts.
- Meanwhile, the Thai SEC is cracking down on unlicensed exchanges like OKX and Bybit to enforce regulation.
Thailand’s stepping up its crypto game. The Ministry of Finance just announced a new move—one that gives crypto traders a reason to celebrate. From Jan. 1, 2025, through the end of 2029, there’ll be no capital gains tax on crypto sales made via licensed platforms. Yep, zero. That’s a big win for traders and investors.
Deputy Finance Minister Julapun Amornvivat says the idea here isn’t just about cutting taxes. It’s about positioning Thailand as a serious global financial hub—one that’s not just playing catch-up, but actually leading the charge on crypto laws and regulation. The five-year tax exemption is part of that bigger vision.
Thailand’s Betting Big on Crypto Innovation
The ministry didn’t stop at trading. It also pointed out how crypto assets are becoming a solid tool for fundraising—something that could help Thai startups and projects attract more capital. If things go as planned, this move could pump at least 1 billion baht (around $30.7 million) into the economy over the next few years. That’s not pocket change.
Of course, this tax break only applies to trades made through licensed platforms under the watch of the Thai SEC. The goal? Keep things clean, regulated, and in line with anti-money laundering standards from the FATF. Thailand wants growth, but not at the cost of financial integrity.
Mixed Signals from the SEC
That said, not everything’s smooth sailing. Just last month, the Thai SEC cracked down on five overseas exchanges—including OKX and Bybit—for operating without proper licenses. They’ll be blocked starting June 28.
Meanwhile, other major players like KuCoin and Tether are finding ways to get it right. KuCoin just secured an SEC license and opened shop locally, and Tether launched its gold-backed token USDt on Maxbit, a Thai exchange, back in May.
Thailand’s crypto policy might look a bit like a balancing act right now—but it’s clearly aiming to support serious growth while tightening the screws on unregulated activity.
