Thailand Offers Zero Capital Gains Tax on Crypto Until 2029
Thailand has confirmed it will not apply capital gains tax to Bitcoin and other cryptocurrencies from January 1, 2025, through December 31, 2029. This policy applies only to transactions conducted through Thai SEC-licensed exchanges and brokers, as stated under Ministerial Regulation No. 399.
The exemption is aimed at supporting domestic, regulated crypto activities, but it does not cover unlicensed or foreign platforms. Other income streams from cryptocurrencies, such as mining and staking, remain subject to regular tax rules.
Binance CEO Changpeng Zhao announced the confirmation on social media. Market participants are interpreting this policy as potentially positive for the sector, including assets like Hyperliquid.