Thailand Offers 0% Capital Gains Tax for Crypto Traders Using Licensed Platforms

Thailand has introduced a new policy to exempt capital gains tax for crypto investors who trade through platforms licensed by the country's Securities and Exchange Commission. The exemption will run from January 1, 2025, to December 31, 2029, and is aimed at making Thailand an attractive destination for digital-asset hub investment.

The policy draws a clear line between regulated onshore platforms and unlicensed or overseas exchange activity, which remains subject to standard personal income tax rates of up to 38%. This move follows earlier steps by the country, including waiving 7% value-added tax on crypto gains in early 2024.

Thailand's approach is part of a broader regulatory environment across Asia where authorities are focusing not only on market structure but also on operational safeguards and information-sharing. Japan has asked exchanges to adopt withdrawal delays and additional controls to combat scams, while Taiwan plans to require crypto platforms to transmit customer information for domestic platform-to-platform transfers by October.

In related news, a US court case involving exchange Bybit has supported the company's bid to trace assets connected to the widely reported $1.5 billion North Korea-linked hack from February 2024. The court granted expedited discovery, giving Bybit a route to identify alleged intermediaries and pursue a portion of funds that remain traceable.