Thailand approves a five-year income tax exemption on crypto

Tax Exemption for Digital Asset Trading: The Thai cabinet has approved a personal income tax exemption on profits from trading digital assets through regulated exchanges, effective immediately and lasting until 2029, aiming to boost the country's position in the blockchain and digital currency sector.

Regulatory Oversight and Investor Protection: While the tax relief is seen as a positive move for attracting investment, experts express concerns about potential risks associated with speculative capital and inadequate regulation, prompting the Thai SEC to maintain strict licensing standards and enhance protections for crypto investors.