Thai Deputy Finance Minister Chulafan Amorunvivat took him to X on June 17, 2025 to announce that the Thai government has approved Bitcoin and crypto profits to be exempt from taxation. The Securities and Exchange Commission of Thailand (SEC) has approved crypto tax deduction from 1 January 2025 to December 31, 2029.
Movement is to promote transparent trading, Supporting technology and innovation, It will stimulate the Thai economy and grow steadily.
“Full steam ahead! The government is pushing to promote Thailand as a hub for digital assets around the world Amornvivat announced the tax credit, Amornvivat said.
destruction:
thatity has approved a tax exemption for bitcoin and crypto sales profits for five years.
Giga!! 🔥🔥 pic.twitter.com/p1ulsf5clr
– Ashcryptoreal (@ashcryptoreal) June 17, 2025
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“Thailand is considered one of the world’s first countries to implement clear digital assets laws and tax measures.”
According to Amornvivat, the key point of the law is that it will make Thailand’s crypto market more vibrant, attract foreign investment to stimulate domestic consumption, and could lead to other forms of taxation, such as value-added tax (VAT) in the future.
“In addition, Thailand is considered one of the world’s first countries to implement clear laws and tax measures for digital assets. The revenue sector is currently preparing to comply with the Economic Co-operation and Development Organization (OECD) data exchange standards and make digital transactions within the country more transparent and auditable,” said Amornvivat.
Furthermore, he believes this crypto tax cut is another important step that will increase Thailand’s economic potential. He said it could be an opportunity for Thai entrepreneurs to grow on the global stage.
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Thailand’s recent crackdown on crypto exchanges such as Bybit, OKX, Coinex
Thailand’s SEC is set up to block access to BYBIT, OKX, Coinex, 1000X and XT.com from June 28, 2025. According to a THAI SEC press release on May 30, 2025, the decision to block five major exchanges is based on allegations that they are offering services in Thailand without the necessary license.
Additionally, Thais has taken legal action against the unauthorized exchange. More severe penalties have also been introduced for individuals involved in cybercrime through digital asset accounts.
The SEC said it is taking this step to protect investors and prevent fraudsters from washing their money using fraudulent digital asset trading platforms. “The SEC has submitted the above platform information to the Ministry of Digital,” the press release states. “The Ministry of Digital Affairs will block access to the platform and prevent the public from accessing it from June 28, 2025.”
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Key takeout
Thailand exempts personal income tax on cryptocurrency profits through its Thai-second-regulated platform.
The move is to promote transparent trading, support technologies and innovation, and to stimulate Thailand’s economy to steadily grow.
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