Thailand exempts crypto capital gains tax until the end of 2029 for transactions via regulated platforms, aiming to become a global Web3 hub.
Thailand Approves Exemption of Crypto Capital Gains Tax
The Thai government has made a bold move by completely abolishing the crypto capital gains tax for individuals until December 31, 2029. However, this exemption applies only to operations carried out through regulated platforms, exchanges, brokers, or approved brokers.
A Bold Decision to Attract the Global Crypto Industry
The goal? To make Thailand a global hub for digital assets. The strategy is clear: attract foreign investors, support local innovation, and revitalize an economy still heavily reliant on tourism.
This is a decisive step to unleash Thailand’s economic potential.
Julapun Amornvivat, Vice Finance Minister and member of the ruling party
A Strengthening Regulatory Framework
Unlike other countries still finding their way, Thailand is moving forward systematically. Since 2018, the sector has been regulated by the Digital Asset Business Decree, a law that puts platforms under the supervision of the local SEC.
And this is just the beginning. The country is already planning to implement the Crypto-Asset Reporting Framework (CARF) of the OECD. An international standard aimed at enhancing the tax transparency of crypto transactions. In other words: entrepreneurial freedom but no opacity.
A Multi-Billion-Dollar Economic Bet
Behind this generous tax measure lies a deliberate economic strategy. In the medium term, the government expects over a billion baht in indirect tax revenues (around $30 million) thanks to the growth of the national crypto activity.
Less tax does not mean fewer revenues. It means more projects, more exchanges, more jobs, and a country taking a stand in the global battle to attract Web3 talent.
An Assertive Pro-Crypto Policy, Yet Regulated
Thailand is not rolling out the red carpet for just anyone. Last May, the SEC ordered the blocking of unauthorized platforms like Bybit, CoinEx, OKX, or XT. The message is clear: only the regulated ecosystem will have its place in the local market.
Another strong signal: in January 2025, the country was already considering listing Bitcoin ETFs on its exchanges. A decision that would place Thailand alongside the most advanced jurisdictions in the sector, such as the United States or Hong Kong.
A Model to Follow for Europe?
While many European countries struggle to clarify their crypto taxation, Bangkok is sending a strong signal: innovation can go hand in hand with regulatory stability. And this combination could very well turn Thailand into an eldorado for Web3 companies in Asia… and beyond.
