The post Thailand Approves Crypto Tax Exemption Until 2029 appeared first on Coinpedia Fintech News Thailand has approved a five-year personal income tax exemption on profits from digital assets. The new policy will take effect from January 1, 2025, and run through December 31, 2029 — marking a significant shift in the country’s digital asset strategy. Thailand’s Big Leap Towards Becoming a Digital Asset Hub Deputy Minister of Finance Chulaphan Amornvivat confirmed the Cabinet’s decision in a post on X (formerly Twitter). He revealed that capital gains from crypto trading will now be exempt from personal income tax, provided the transactions are made through platforms supervised by the Securities and Exchange Commission (SEC). “I have good news! The Cabinet has approved tax measures to promote Thailand as a Digital Asset Hub by exempting personal income tax for crypto profits made through SEC-supervised operators,” Chulaphan announced. Why Thailand Approved the Crypto Tax Break According to Chulaphan, the tax exemption is designed to: Fuel the growth of Thailand’s crypto market Encourage innovation and blockchain-based fundraising Attract more digital asset businesses Increase tax revenues in the long run , projecting a boost of over 1 billion baht in the medium term This move positions Thailand as a forward-thinking jurisdiction aiming to compete with crypto-friendly hubs across Asia. Who Benefits from the Tax Exemption? The exemption will apply to profits earned through platforms licensed under the Digital Asset Business Act B.E. 2561, which includes: Digital asset exchanges Digital asset brokers Digital asset dealers All such platforms must be regulated by the SEC and comply with oversight from the Anti-Money Laundering Office (AMLO). Focus on Transparency and Global Compliance The tax reform is in line with international standards. Thailand plans to adopt the OECD’s Crypto Asset Reporting Framework (CARF) to boost transparency and reduce tax evasion. Under this framework, crypto asset service providers (CASPs) will be required to disclose detailed information on user transactions. Final Thoughts Thailand’s decision to waive crypto income tax until 2029 could dramatically reshape its digital economy and attract global investors. 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