Thailand

Thailand is scrambling to hold an election before the end of the year, after the caretaker Prime Minister Phumtham Wechayachai reportedly tried to seek the royal's approval to dissolve the House of Representatives.

Thailand will exempt all crypto gains from tax until the end of 2029 to attract investors and boost digital trading. The country is also launching the G-Token digital government bond and testing crypto payments, aiming to grow its blockchain and fintech sector.

A South Korean man was arrested in Bangkok for allegedly laundering over $50 million in cryptocurrency into gold bars through a call centre scam. Thai authorities have also detained ten others linked to the scheme as investigations continue into cross-border crypto crimes.

Thailand’s Ministry of Tourism and Sports has unveiled plans to offer 200,000 free domestic flight tickets to foreign visitors in an effort to boost nationwide tourism over the next three months.

Thailand has launched TouristDigiPay, a new scheme letting foreign visitors pay in crypto, which is automatically converted to Thai baht. The 18-month pilot includes ID checks, spending limits, and aims to make payments easier while boosting tourism and investment.

Thailand is testing a crypto sandbox to let tourists change digital assets into Thai baht for local spending. Approved exchanges will handle the conversions, with spending limits and ID checks to meet national rules.

Moo Deng the hippo turned one, sparking a four-day festival at a Thai zoo and renewed interest in her memecoin. The MOODENG token surged over 17% on her birthday, driven by fan hype, whale activity, and Solana’s growing memecoin market.

Thailand’s Ministry of Finance has announced a sweeping tax exemption on capital gains from the sale of cryptocurrencies, including Bitcoin, for a five-year period, in a move designed to position the nation as a leading global financial hub for digital assets.

Thailand has approved a five-year income tax exemption on crypto trading profits from 2025 to 2029, applying to sales through licensed platforms. The move aims to spur blockchain innovation while maintaining investor protection through regulatory oversight.

A Chinese man was arrested at Don Mueang Airport while trying to flee to Singapore after being accused of stealing over $6 million in Bitcoin from two investors. Thai police had been tracking him since April and stopped him just before he boarded the flight.