THAILAND APPROVES FIVE-YEAR CRYPTO TAX EXEMPTION

Summary from the TLDR Crypto newsletter

Thailand has approved a five-year capital gains tax exemption on crypto sales conducted through licensed digital asset service providers, effective from 2025 through 2029. The policy is part of a broader initiative to establish Thailand as a global financial hub and foster regulated crypto activity under Thai SEC oversight and FATF-aligned AML standards. Officials estimate the move could boost economic activity and generate over $30 million in additional tax revenue. This follows increased regulatory scrutiny, including the recent blocking of five unlicensed foreign exchanges and expanded local operations by firms like KuCoin and Tether.