Thailand is done waiting on the sidelines.
Starting in 2025, the country will exempt capital gains tax on crypto sales made through licensed platforms—until the end of 2029. That’s five full years of tax-free crypto trading. Strategic? You bet. The goal? Turn Thailand into a global financial hub, a pioneer in digital asset legislation, not just a follower.
Deputy Finance Minister Julapun Amornvivat didn’t mince words: “We want to strengthen Thailand’s competitiveness.” Bold moves like this suggest that the country’s not just flirting with innovation—it’s marrying it.
Thailand Sees Crypto as a Tool for Innovation and Growth
Crypto isn’t just about memes and moonshots. Thailand sees it as a legitimate tool for fundraising and economic development. The Ministry of Finance estimates that this tax measure could help the Thai economy expand and bring in at least 1 billion baht (~$30.7 million) in medium-term tax revenue.
All this happens under the supervision of the Thai SEC, following AML guidelines from the FATF. It’s a careful dance: freedom for innovation, but with security as a partner. And 2Crypto shares this values !
Thailand Balances Regulation with Crypto Tourism and Expansion
While Thailand is rolling out the red carpet for compliant platforms like KuCoin and Tether, it’s cracking down on the unlicensed ones. Exchanges like Bybit and OKX are getting the boot starting June 28. Meanwhile, the government is reportedly looking to let tourists pay with crypto. That’s right—crypto isn’t just a speculative asset here; it’s becoming part of the travel experience.
The strategy is clear: keep the doors open to growth, but make sure the house stays clean.
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