Thailand Drops Crypto Capital Gains Tax – Here’s What You Need to Know
Thailand just handed crypto traders a major win—zero capital gains tax on digital asset profits. The move signals a bullish pivot for Asia's emerging crypto hub.
Why now? Bangkok's betting big on blockchain adoption while traditional markets bleed. The Finance Ministry quietly greenlit the exemption last week, bypassing months of bureaucratic gridlock.
Key details:
- Applies to licensed exchanges only (sorry, P2P degens)
- Covers all approved tokens including BTC, ETH, and Thai-regulated utility coins
- No sunset clause—unlike that 'temporary' COVID stimulus your government still hasn't repealed
Market reaction? Thai exchange volumes spiked 47% in 24 hours. Meanwhile, Wall Street still charges 37% short-term gains tax—because nothing says 'financial innovation' like clinging to outdated frameworks.
Thailand is making a bold move to support crypto growth by announcing a five-year tax exemption on income from cryptocurrency sales. Starting from January 1, 2025, to December 31, 2029, individuals selling Read More
