In 2025, Thailand released a string of crypto developments, including– enhancing customer protection, transparency, innovation, taxation, and market revenue. The Thai government is implementing new policies to foster growth in the digital asset space as it aspires to become prominent in the digital finance and cryptocurrency space.
Crypto regulations in Thailand 2025
June 17, 2025– Extension of Five-Year Crypto Tax Exemption
- The government approved a five-year tax exemption on capital gains from crypto trading made through licensed digital assets.
- The exemption will be in effect from January 1, 2025, to December 31, 2029. This move aims to increase investment, stimulate economic activity, and drive long-term growth.
May 29, 2025– Ban on Unlicensed Crypto Platforms
- Thailand’s Securities and Exchange Commission (SEC) banned five crypto platforms due to operating illegally — Bybit, 1000X, CoinEx, OKX, and XT.COM.
- The agency also issued a public advisory urging all crypto users in the region to withdraw or transfer digital assets from the affected platforms before 29th June.
May 13, 2025- Finance Minister to Issue $150 Million Worth of Digital Assets
- Thailand plans to issue approximately 5 billion baht ($150 million) worth of digital asset tokens as part of public debt.
- The “G Tokens” will be used to raise funds from the public under the current budget borrowing plan.
April 13, 2025– Implementation of Two Royal Decrees
- The Royal Decree on the Operation of Digital Asset Businesses (No. 2), B.E. 2568 (2025): Foreign crypto platforms must obtain a license from Thailand’s SEC if they are targeting Thai users.
- Introduced new rules to tackle foreign Peer-to-Peer (P2P) crypto services to combat online financial crime. It also introduced a penalty for non-compliance is up to three years in prison and fines reaching $8,700 (300,000 baht).
- Royal Decree on Measures to Prevent and Suppress Technology Crimes (No. 2), B.E. 2568 (2025): Expands the power of the Ministry of Digital Economy and Society (MDES).
- It gives MDES to the authority block access to any unlicensed digital platforms without court approval.
What is the Thai Government Saying About Crypto in 2025?
The recent laws, regulations, and announcements regarding crypto in Thailand indicate that the government is actively working to enhance its innovation factor with the help of digital assets. With new developments, Thailand aims to achieve:
- Growth in Adoption: With a crypto-friendly tax regime, Thailand is promoting digital assets for daily use. The government aims to increase the adoption rate in the region within the regulatory framework.
- Investor Protection: With the new licensing requirement, the government aims to enhance investor protection measures. It has a strict policy for anti-money laundering (AML) and combat-terrorism in finance (CFT) for all virtual asset service providers (VASPs).
- Economic growth: The government and crypto regulatory agencies in Thailand anticipate that the crypto-friendly laws in the region will accelerate the country’s economy.
- Global Competition: As crypto is getting more popular, the global competition is intensifying. So, Thailand is actively working to become a major crypto player in the near future to establish dominance in the global market.
Crypto Tax in Thailand 2025
- Capital Gains Tax (CGT): No capital tax on crypto from January 1, 2025, to December 31, 2029.
- Income Tax: Since the Revenue Department defines digital assets as “electronic data or instruments with intrinsic value,” it falls subject to personal income tax (PIT).
- Taxable Events: Trading and swapping digital assets, crypto mining, airdrops, remuneration, receiving crypto as payment or gifts, and return on investments are the events subject to PIT in Thailand.
- Tax-Free Events: Crypto donations, inheritance, income from crypto derivatives, unrealized gains on crypto while holding, and loss or theft of crypto are tax-free events in Thailand.
Current Income Tax Bracket in Thailand
| Annual Taxable Income (THB) | Tax Rate |
| 0 – 150,000 | 0% |
| 150,001 – 300,000 | 5% |
| 300,001 – 500,000 | 10% |
| 500,001 – 750,000 | 15% |
| 750,001 – 1,000,000 | 20% |
| 1,000,001 – 2,000,000 | 25% |
| 2,000,001 – 5,000,000 | 30% |
| Over 5,000,000 | 35% |
Crypto License in Thailand 2025
Under the Royal Decree on the Operation of Digital Asset Businesses (No. 2), foreign crypto platforms must obtain a license from the SEC if they aspire to target Thai users. The local virtual asset service providers (VASPs) are also required to obtain an SEC license. How to obtain a crypto license in Thailand?
- Incorporation of the Company in Thailand: The company must open a bank account and deposit the legally required share capital, which is 50M THB (about 1.4M USD).
- Compliance with Crypto Obligations: Along with supporting documents, the companies are required to comply with know your customer (KYC), anti-money laundering (AML), and counter-terrorism in finance (CFT) obligations.
- Registration as Digital Asset Business Operator: After completing the first two stages, companies are required to register with the Ministry of Finance. This process officially takes 150 days.
Crypto Adoption in Thailand 2025
- Penetration Rate: The user penetration rate in the crypto market is projected to be 11.60% in 2025 and is anticipated to see an increase to 11.79% by 2026. By next year, the number of crypto users in Thailand is expected to reach 8.43 million.
- Crypto Revenue: Projected revenue in crypto is expected to reach US$793.6 million in 2025. This revenue is expected to experience an annual growth of 1.45%, resulting in US$805.1 million by 2026.
- Crypto Holdings: No public disclosure on the government’s crypto holdings; policies rather focus on evolving the digital asset space.
Conclusion
Thailand is one of the largest markets for cryptocurrency in the world, with one in five Thai citizens holding cryptocurrencies. The government and crypto agencies have put phenomenal efforts into ensuring investors’ protection and safety measures for crypto users in the region, making it a popular crypto hub. With new crypto-friendly laws and rapid development, Thailand is poised to become one of the major global crypto leaders.
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FAQs
No, Thailand is not entirely tax-free for crypto. From January 1, 2025, to December 31, 2029, there is a five-year tax exemption on capital gains from crypto trading made through licensed digital asset platforms. However, personal income from crypto (like mining, airdrops, or receiving crypto as payment) remains subject to income tax.
Thailand is generally considered crypto-friendly in 2025. It actively fosters innovation with new laws, offers a temporary capital gains tax exemption, issues its own digital asset tokens (“G Tokens”), and focuses on investor protection. However, it also enforces strict licensing for crypto businesses and cracks down on unlicensed platforms.
The primary government body regulating cryptocurrency in Thailand is the Securities and Exchange Commission (SEC). It oversees the licensing of digital asset businesses, sets compliance standards (including AML/CFT), and works to protect investors within the digital asset space. The Ministry of Finance also plays a role in licensing.
