Thailand Approves Five-Year Tax Exemption for Crypto Trading to Boost Digital Asset Hub Ambitions

Thailand has enacted a sweeping tax exemption for cryptocurrency trading profits, eliminating income tax on digital asset transactions through authorized platforms until 2029. The move, announced by Deputy Finance Minister Chulaphan Amornvivat, marks a strategic pivot to attract capital and position the country as Southeast Asia''s blockchain gateway.

The policy immediately abolishes progressive tax rates that previously treated crypto gains as taxable income—a friction point driving both retail and institutional traders toward more lenient jurisdictions. Transactions on unapproved exchanges remain subject to penalties, creating a bifurcated regulatory landscape.

This fiscal incentive anchors Thailand''s broader campaign to cultivate a digital asset ecosystem encompassing tokenized currencies, blockchain infrastructure, and fintech innovation. Market observers anticipate accelerated capital inflows as the policy aligns with global trends of regulatory accommodation for crypto markets.