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Key Points: Thai cabinet approves five-year tax exemption on crypto profits, enhancing economic innovation. Policy aims to attract domestic and foreign investors to the Thai market. Government and business leaders support the regulatory sandbox for stablecoin usage. Thailand’s cabinet has sanctioned a five-year personal income tax exemption on profits from cryptocurrency sales, aiming to attract investment in the country’s digital asset market. The Thai cabinet has approved a five-year tax exemption on cryptocurrency profits, reflecting a top-down effort to encourage economic innovation. This decision is supported by key figures, including former Prime Minister Thaksin Shinawatra, who promotes a regulatory sandbox for fintech. Shinawatra emphasized a balance between innovation and risk, particularly for the tourism sector. Nirun Fuwattananukul, CEO of Gulf Binance, also endorsed the sandbox model to maintain regulatory compliance while enabling crypto use cases. Regional Policy Trends Reflect Thailand’s Crypto Initiatives According to CoinMarketCap, as of June 17, 2025, Bitcoin (BTC) holds a market cap of $2.09 trillion, with a 24-hour trading volume of $56.45 billion, representing a 16.76% decrease. Prices have fluctuated, seeing a small drop of 3.32% over 24 hours and an increase of 24.11% over 60 days. The tax exemption is set to lower investment barriers significantly, potentially drawing capital into Thai crypto markets. Bitcoin and Ethereum are among the affected assets, with trial projects anticipated for emerging stablecoins in Phuket’s sandbox program. This policy is expected to foster greater inflows into local exchanges. “The sandbox will focus on the application of stablecoins, offering a balance between innovation and risk, particularly benefiting the tourism sector.” — Thaksin Shinawatra, Former Prime Minister of Thailand Market Reactions and Future Outlook Did you know? Thailand’s proactive tax policies mirror those of Portugal and Singapore, where similar incentives led to notable increases in local crypto trading volumes and adoption. Market…

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Filed under: News - @ June 18, 2025 12:28 am