<ul data-eligibleForWebStory="true">Thailand has approved a five-year tax exemption on capital gains from cryptocurrency trading through licensed platforms.The tax break will be effective from January 1, 2025, to December 31, 2029, aiming to boost investment and economic activity.The measure is part of a strategy to establish Thailand as a global digital asset hub and enhance its competitiveness in the digital economy.Over 1 billion baht in indirect tax revenue is anticipated during the exemption period.The exemption applies to digital asset sales made through operators regulated by the Securities and Exchange Commission.Only platforms licensed by the Thai SEC will benefit from the tax break, meeting stringent regulatory standards.The initiative aligns with international standards and aims to support fiscal stability through a potential value-added tax on digital assets.Thailand previously approved its first spot Bitcoin ETF in 2024, offering regulated exposure to Bitcoin for institutional investors.The country maintains a balanced approach by supporting licensed platforms while cracking down on unregulated entities.With clear regulations and tax incentives, Thailand aims to position itself as a leader in Bitcoin and crypto growth within Southeast Asia.