Thailand Set To Become Crypto Paradise After Relaxing Crypto Tax Burden For Investors
In what is now a string of pro-crypto policies, the Thai government has decided to approve certain tax relief measures for the trading of digital assets as well as tax exemptions for funding start-ups.
In the statement, it was noted that the transfer of cryptocurrencies and digital assets on government-approved exchanges would be exempted from VAT. This policy would also apply to the country's CBDC. As disclosed by Mr. Arkhom Termpittayapaisith, Minister of Finance, and Mr. Santi Prompat, Deputy Minister of Finance, it was said that "This issue will allow Thai investors to trade digital assets on a reliable Thai exchange.
