<ul data-eligibleForWebStory="true"><li>Thailand has approved a crypto tax exemption initiative to boost its plans of becoming a digital asset hub.</li><li>Deputy Finance Minister Chulaphan Amornvivat announced the initiative, effective from January 1, 2025 to December 31, 2030.</li><li>The policy aims to attract foreign investment, expand the crypto market, and increase domestic consumption.</li><li>The government anticipates generating at least 1 billion baht in additional tax revenue with the new initiative.</li><li>Personal income tax exemptions are part of the tax measures, with considerations for introducing a Value-Added Tax (VAT) for the digital economy.</li><li>Thailand stands out as an early adopter of comprehensive digital asset regulations in Asia, supporting blockchain-based finance and investment.</li></ul>

Thailand Approves Crypto Tax Exemption to Boost Digital Asset Hub Plans

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