Thailand
Region: southeast-asialegal
Thailand has a well-defined crypto regulatory framework overseen by the Securities and Exchange Commission (SEC Thailand) and the Bank of Thailand (BOT). The Digital Asset Business Act B.E. 2561 (2018) governs crypto exchanges and token issuers.
Regulatory Framework
Trading & ownership
Legal. Retail crypto trading is permitted on SEC-licensed exchanges.
Payments & Commerce
Restricted for commercial use. The Bank of Thailand discourages merchants from accepting crypto as payment.
Mining Operations
Legal. No specific prohibition; subject to standard electricity and business regulations.
Exchange Licensing & AML/KYC
Required under the Digital Asset Business Decree. Operators must be licensed by the SEC. KYC: Mandatory KYC/AML for all licensed digital asset exchanges and brokers.. AML: Governed by the Anti-Money Laundering Office (AMLO) rules applicable to digital asset businesses.
Taxation
Capital Gains Tax
Capital gains from crypto are subject to personal income tax at progressive rates (0–35%).
Income Tax (Staking/Mining)
Crypto income including mining and staking rewards is taxable as assessable income.
VAT & Sales Tax
VAT exemption on crypto trading was granted in 2022 to encourage adoption.