Thailand has rolled out tax exemptions for cryptocurrency earnings, focusing on investment tokens. Announced on Tuesday, this initiative aims to spark investment and innovation by removing the 15% capital gains tax for investment token holders, thus preventing double taxation. Kulaya Tantitemit, the Revenue Department’s director-general, highlighted the strategy’s goal to support business financing through digital tokens.

This policy is a part of Thailand’s broader effort to nurture the cryptocurrency ecosystem, which includes significant tax benefits such as VAT exemptions for crypto transactions and a $1 billion tax incentive for entities that issue investment tokens. These progressive measures indirectly promote Bitcoin and other cryptocurrencies, signaling Thailand’s ambition to become a leader in digital finance and technology by creating a more inviting regulatory landscape for crypto investments and operations.

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