What they’re not telling you

The catch behind the Thai tax-free crypto dream

Thailand is rolling out the crypto red carpet, but before you jump in, there’s more to this tax holiday than meets the eye. Yes, it’s true, from Jan. 1, 2025, all capital gains on crypto transactions made through licensed platforms will be tax-free until the end of 2029. 

At first glance, Thailand’s crypto tax exemption sounds like a trader’s paradise. No capital gains tax for five years? 

But here’s the kicker: The waiver only applies if you’re using licensed local exchanges, like Bitkub or Bitazza, which are regulated by the Thai SEC.

If you’re trading on Bybit, OKX, or any offshore platform that doesn’t have local approval, you’re out of luck (and possibly out of legal bounds). In other words, the government isn’t giving away free money; it’s tightening control over where and how you trade. This move is as much about compliance and consumer protection as it is about tax relief.

Security still a major concern in Thailand’s crypto scene

While the tax policy may boost trading activity, Thailand still faces a serious challenge in cybercrime. The country has one of the region’s highest rates of crypto-related scams and cyberattacks, about 70% above the global average.

Traders and investors should not confuse a tax break with a security guarantee. The collapse or hacking of an exchange, as with Bybit in February 2025, could still wipe out user funds. That’s why hardware wallets and secure storage practices matter more than ever. The government might be encouraging crypto adoption, but protecting your digital assets remains your responsibility.

Did you know? An international scam ring based in Bangkok was busted in June 2025 after defrauding Australians of nearly $2 million in just two months using fake investment bonds.

Why Thailand wants your crypto (and maybe your data)

This tax break isn’t just a goodwill gesture. It’s part of a bigger plan to transform Thailand into a global digital asset hub. By waiving capital gains taxes, the government is betting on attracting foreign crypto investors, startups and even tourists who want to pay with crypto.

But don’t forget, with regulation comes surveillance. All transactions under this policy must go through SEC-licensed platforms that follow strict Know Your Customer (KYC) and Anti-Money Laundering…