Thailand | Crypto

Thailand’s crypto income tax waiver applies to crypto sales made through licensed crypto asset service providers from 2025 to late 2029. Thailand has approved tax exemptions on income from the sale of cryptocurrencies like Bitcoin for five years, according to a Ministry of Finance announcement. Thailand will waive the capital gains tax on crypto sales made through licensed crypto asset service providers in the period from Jan. 1, 2025, to Dec. 31, 2029, Deputy Finance Minister Julapun Amornvivat said in a statement issued on Tuesday. According to the minister, the measure is designed to strengthen Thailand’s position as a global financial hub and one of the first countries to adopt laws for digital assets and their taxation. Read more

Thailand’s SEC has ordered Bybit, 1000X, CoinEx, OKX and XT.COM blocked nationwide, citing unlicensed operation and money-laundering concerns. Update (May 30, 2025, 11:30 am UTC): This article has been updated to add statements by a Bybit representative. The Thai Securities and Exchange Commission (SEC) will block five cryptocurrency exchanges, including Bybit and OKX, from operating in the country. According to a May 29 announcement, Bybit, 1000X, CoinEx, OKX and XT.COM will be blocked in the country on June 28. The SEC said the measure aims “to protect investors and crack down on illegal platforms used for money laundering.” Read more

Tether Gold has arrived in Thailand with a listing on Maxbit, an exchange backed by PTG Energy, a major Thai energy conglomerate. Tether, issuer of the world’s largest stablecoin, USDt, is rolling out its tokenized gold digital asset in Thailand with a listing on local cryptocurrency exchange Maxbit. In a May 13 announcement, Tether said its gold-backed token, Tether Gold (XAUt), has been listed on Thai exchange Maxbit. According to an X announcement by Maxbit, the platform is the first in Thailand to offer a “tokenized gold pair backed by physical gold.” Read more