Crypto Regulation Thailand: What’s Legal, What’s Not in 2025

When it comes to crypto regulation Thailand, the country’s approach to digital assets combines cautious openness with heavy oversight. Also known as Thai cryptocurrency laws, this framework lets people buy and trade crypto but shuts the door on unlicensed platforms and anonymous transactions. Unlike countries that banned crypto outright, Thailand took a middle path: legalize it under strict rules, then enforce them hard.

The Securities and Exchange Commission of Thailand (SEC), the main body overseeing digital assets. Also known as Thai SEC, it requires every crypto exchange operating in the country to get a license, hold local bank accounts, and verify every user’s identity. Unlicensed platforms like Binance or Bybit can’t legally serve Thai residents — and if they try, the SEC shuts them down fast. Even if you use a VPN to access them, you’re still breaking the law. The government doesn’t care if you’re trading Bitcoin or Solana — if the exchange isn’t Thai-licensed, it’s off-limits.

Then there’s the crypto tax Thailand, a 15% capital gains tax on profits from selling crypto. Also known as Thai crypto income tax, it applies whether you trade Bitcoin for Ethereum or cash out to Thai baht. No one’s exempt — not even if you’re just swapping meme coins. The SEC tracks transactions through licensed exchanges, and if you’re caught evading taxes, you could face fines or worse. Most Thai traders now keep records religiously, even if they’re trading on foreign platforms they shouldn’t be using.

And don’t expect stablecoins to help you dodge rules. Thailand banned them outright in 2025. No USDT, no USDC — not even for trading pairs. The only legal way to move money in and out of crypto is through Thai baht on licensed platforms. That means if you want to buy crypto, you deposit baht. If you want to sell, you get baht back. No crypto-to-crypto swaps unless they’re approved by the SEC — and so far, only a handful of local exchanges have that permission.

What’s surprising is how much retail adoption still exists. Despite the restrictions, millions of Thais trade crypto daily. They just do it quietly. Many use licensed platforms like Bitkub or Satang Pro — the only two exchanges with full SEC approval. Others hop on unlicensed ones, hoping they won’t get caught. The government knows this happens, but they’re focused on chasing big players, not individual traders.

There’s no official ban on mining, but it’s practically impossible to do legally. No one’s applying for licenses because the costs are too high, and the energy rules are too strict. If you’re mining at home, you’re on your own — and if the power company notices your electricity bill spiked, they might ask questions.

Below, you’ll find real reviews and breakdowns of what Thai traders actually face: which exchanges work, which ones are scams, how taxes are enforced, and why some projects vanish overnight. No fluff. No guesses. Just what’s happening on the ground in Thailand in 2025.