Digital Asset Taxation In Thailand

Digital assets pursuant to the Emergency Decree on Digital Asset Businesses B.E.2561 (2018) consist of cryptocurrencies and digital tokens ("Digital Assets"). Such Digital Assets have recently become rapidly popular among Thai investors over the past few years as their value tends to rise dramatically than other traditional assets, yet with higher risks. Digital Assets, especially cryptocurrency ("Crypto") in Thailand, can yield incredible returns and profits and are easy to trade via online applications nowadays. The 2022 Digital Global Overview Report has revealed that the percentage of Thai people holding Crypto is 20.1% of the total population while the global average rate is 10.2%, which is a surprisingly massive number. Despite the high volatility in the Crypto market, it is undeniable that investing in Crypto is extremely attractive to Thai investors, which explains why there is increased popularity of this type of Digital Asset.