Thailand’s Cabinet has approved a five-year personal income tax exemption on capital gains from the sale of Bitcoin and other digital assets. The measure, proposed by the Ministry of Finance, will apply to transactions conducted through cryptocurrency exchanges and brokers licensed by the Thai Securities and Exchange Commission. The waiver will take effect on Jan. 1, 2025 and run through Dec. 31, 2029. Officials said the policy aims to stimulate investment, boost domestic adoption of digital assets and strengthen Thailand’s position as a regional hub for blockchain and crypto-related businesses.