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Thailand has announced a historic decision regarding Bitcoin and other cryptocurrencies, eliminating capital gains taxes and taxes from their sale for a period of five years. This strategic move aims to make the country a cutting-edge financial hub in the digital sector, leveraging the growing global interest in digital assets. Tax exemption on taxes: a boost for the Bitcoin market in Thailand  According to the Thai Ministry of Finance, from January 1, 2025, to December 31, 2029, the tax imposition on capital gains from sales of cryptocurrencies like Bitcoin will be suspended, but only if conducted through authorized digital asset service providers.  The statement was released by the Deputy Minister of Finance, Julapun Amornvivat, who emphasized that this exemption represents one of the first legislative initiatives in the world aimed at clearly defining the regulation of digital assets and their taxation. This decision promotes not only the freedom of exchange but also protection against illicit activities, as it strictly involves entities authorized to operate under the supervision of the Thai Securities and Exchange Commission (SEC). As a result, Thailand sets itself as an example of balance between innovation and compliance with international anti-money laundering (AML) regulations, in line with the guidelines of the Financial Action Task Force (FATF). The Ministry highlights that digital assets play a fundamental role in financing projects and businesses in Thailand. In fact, fundraising through digital instruments is becoming one of the main use cases of this innovative technology. Cryptocurrencies allow more direct and flexible access to capital, facilitating the development of new entrepreneurial initiatives. According to estimates from the Ministry of Finance, the contribution of digital assets to Thailand’s economic growth will be significant in the medium term. An increase of at least 1 billion baht (approximately 30.7 million dollars) in tax revenue is expected…

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Filed under: News - @ June 17, 2025 7:29 pm