INTEL: Thailand has approved a five-year tax exemption on crypto capital gains, valid through 2029
Thailand has already barred five big names—Bybit, OKX, CoinEx, XT.COM and Bitrue—for operating without local permission. Those blocks kick in on June 28. It’s a warning. Get properly licensed or get shut out. At the same time, firms like KuCoin have jumped on board by launching a fully regulated Thai arm after grabbing an SEC license this past Friday.
Based on projections by the finance ministry, all these steps might help Thailand’s economy grow and add at least 1 billion baht (about $31 million) in extra tax revenue over the medium term. The hope is that a livelier crypto scene will spark fresh corporate registrations, higher trading fees and more spending by foreigners.
At the same time, Thailand is taking a strict line on compliance. Any firm or exchange that wants to serve local customers must register with the SEC and follow AML policies endorsed by the Financial Action Task Force. That mix of rewards and rules shows Bangkok wants to lure in new players without letting illicit money slip through the cracks.
Featured image from Unsplash, chart from TradingView
