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Thailand has approved<\/a> a five year tax exemption on capital gains from cryptocurrency trading made through licensed digital asset platforms. The exemption will be in effect from January 1, 2025, through December 31, 2029.<\/p>\n Deputy Finance Minister Julapun Amornvivat announced<\/a> the measure, calling it a move to increase investment, stimulate economic activity, and drive long term growth.<\/p>\n Amornvivat stated, \u201cThe Cabinet approved a five-year crypto tax exemption to promote Thailand as a global digital asset hub.\u201d\u00a0<\/p>\n According to the Ministry of Finance, the policy is designed to strengthen Thailand\u2019s competitiveness in the global digital economy. It targets transparent growth, and aims to increase capital inflow into the Thai market. Officials expect over 1 billion baht in indirect tax revenue to result from the increased economic activity during the exemption period.<\/p>\n Amornvivat went on to say, \u201cThe capital gain tax exemption will be for the sale of digital assets made through operators regulated by the Securities and Exchange Commission.\u201d<\/p>\n The tax break applies only to platforms licensed by the Thai SEC. This includes exchanges that meet strict regulatory standards under the government\u2019s digital finance framework. Exchanges without Thai licenses will not benefit from the exemption and continue to face restrictions.<\/p>\n Officials say the new exemption aligns with international standards from the OECD and FATF. The government is also exploring a possible value-added tax (VAT) on digital assets to support fiscal stability.\u00a0<\/p>\n Furthermore, this isn\u2019t Thailand\u2019s first step<\/a> toward embracing Bitcoin<\/a> or crypto.<\/p>\n