Crypto Regulation in Thailand

Legal

Tax Information

Capital Gains (Personal)
15% withholding tax on crypto gains (capital gains treated as assessable income); tax exemption on registered exchange profits effective 2024
Capital Gains (Corporate)
20% CIT on crypto profits
VAT on Crypto
No
Staking Tax
Taxable as assessable income at progressive rates (5-35%); may qualify for 15% WHT
Airdrop Tax
Taxable as assessable income upon receipt
Mining Tax
--

Licensing & Registration

License Required
Yes
Regulator
SEC Thailand / BOT (Securities and Exchange Commission Thailand / Bank of Thailand)
Framework
Emergency Decree on Digital Asset Businesses B.E. 2561 (2018); Royal Decree on Digital Asset Tax 2024
License Types
--
Estimated Cost (USD)
$150,000 - $1,500,000 (5-50 million THB capital requirement)
Timeline
6-12 months
Ease of Licensing
Complex

AML / KYC

KYC Required
Yes
Travel Rule
Yes
FATF Member
--
FATF Status
--
Suspicious Activity Reporting
--

Mining

Mining Legal
Yes
Status
Legal
Electricity Cost ($/kWh)
$0.09
Renewable Energy
15%
Climate
Tropical
Infrastructure
Good
Tax on Mining Income
20% CIT on crypto profits

DeFi, Stablecoins & NFTs

DeFi: regulatedStablecoins: regulatedNFTs: regulatedCBDC: pilot - BOT retail CBDC pilot (mBridge for wholesale; retail pilot with banks in 2024-2025)

Soken Services

Legal Opinion
Available | $3,000 - $12,000 | 10 days
Banking
Difficulty: Hard | Crypto-friendly banks: none listed
Min. Deposit
$10,000
Fiat Rails
SWIFT
Card Payments
Visa, Mastercard
Company Registration
$8,000 | 30 days | Limited Liability Company
Licensing Support
Available | $25,000 - $100,000

Sources

SEC Thailand Bank of Thailand
verified

Frequently Asked Questions

Is crypto legal in Thailand?
Cryptocurrency is currently classified as "Legal" in Thailand.
What is the crypto tax rate in Thailand?
In Thailand, the personal capital gains tax on crypto is 15% withholding tax on crypto gains (capital gains treated as assessable income); tax exemption on registered exchange profits effective 2024, and the corporate tax rate is 20% CIT on crypto profits.
Do I need a crypto license in Thailand?
Yes, a crypto license is required in Thailand. The regulator is Securities and Exchange Commission Thailand / Bank of Thailand under Emergency Decree on Digital Asset Businesses B.E. 2561 (2018); Royal Decree on Digital Asset Tax 2024. Estimated licensing cost: $150,000 - $1,500,000 (5-50 million THB capital requirement).
Is crypto mining legal in Thailand?
Yes, crypto mining is legal in Thailand. Electricity costs approximately $0.09/kWh. Mining income is taxed at: 20% CIT on crypto profits.
What are the AML/KYC requirements for crypto in Thailand?
Yes, crypto businesses in Thailand must comply with KYC (Know Your Customer) requirements. The FATF Travel Rule is implemented.