On June 17, 2025, Deputy Finance Minister of Thailand, Chulaphan Amornvivat, announced the approval of a tax exemption on profits generated from Bitcoin and other cryptocurrencies, applicable from January 1, 2025, to December 31, 2029. The Thai Securities and Exchange Commission (SEC) has sanctioned this initiative to encourage transparent trading, foster technology and innovation, and stimulate sustained economic growth in Thailand.
“Full steam ahead! The government is pushing to promote Thailand as the world’s digital asset hub and I have good news to tell you,” Amornvivat stated during the announcement.
Interestingly, this measure is considered pivotal for establishing a more vibrant crypto market in Thailand, aimed at attracting foreign investments which may also lead to future tax implementations like VAT.
Key Features of the Tax Break
- Duration: This tax break will last for five years.
- Goal: To stimulate the economy and promote transparency in digital transactions.
Recent Developments: However, starting from June 28, 2025, the Thai SEC intends to restrict access to several unlicensed exchanges including Bybit, OKX, and CoinEx, also taking legal actions against these platforms to protect investors from potential fraud. This dual approach of promotion and regulation shows Thailand’s commitment to balancing growth in the cryptocurrency sector with necessary safeguards.
