Thailand Waives Crypto Taxes for 5 Years to Boost Digital Economy

The post Thailand Waives Crypto Taxes for 5 Years to Boost Digital Economy appeared first on Coinpedia Fintech News

Thailand’s cabinet has approved a five-year personal income tax exemption on profits from the sale of Bitcoin and other cryptocurrencies. The move aims to encourage crypto adoption and investment in the country’s growing digital economy. By eliminating taxes on crypto gains, Thailand hopes to attract more retail and institutional investors while fostering innovation in blockchain technology. The tax break is seen as a forward-thinking step toward making Thailand a competitive hub for digital finance in Asia.