Thailand’s recent decision to eliminate capital gains tax on Bitcoin, announced on June 17, 2025, reverses its previous stance under Section 40 (4) (h) of the Revenue Code, potentially attracting global crypto investors despite earlier strict regulations from the Thai SEC, which had banned spot Bitcoin ETFs as noted in a March 2024 CoinDesk report.
This policy shift aligns with Thailand’s growing crypto-friendly environment, evidenced by the SEC’s 2024 removal of retail investor limits on asset-backed tokens, suggesting a strategic pivot to boost its digital economy, though it contrasts with concerns over crypto-related security risks highlighted by the “Bitcoin Family” kidnappings reported by CNBC on June 7, 2025.
Economic data from Thailand’s crypto market shows a 2023 trading volume of $14.6 billion (per Statista), and this tax exemption could increase adoption, though no peer-reviewed studies yet quantify the long-term fiscal impact on a nation where crypto constitutes a small but growing share of financial activity.
