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According to an announcement by Thailand’s Ministry of Finance, Thailand will exempt capital gains tax on cryptocurrency trading for a period of five years, from January 1, 2025 to December 31, 2029.
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This is a smart move; they are forcing people to move toward regulated exchanges because if you, as a Thai, are not trading on a regulated exchange in Thailand, then you are not going to be exempt from the tax, and you still have to pay it. But if you are trading in a regulated exchange, then there will be no tax, which is still a good offer. I would not care much but will move my funds to the regulated ones.
They are trying to move their citizens from offshore exchanges to their own exchanges; they are using this incentive to push trading activity toward their local providers, and what if after 2029 they remove this, and those people will be stuck because they now are being tracked and can't do much?