Thailand Approves Tax Exemption on Crypto Earnings to Spur Investment Token Fundraising

• Thailand’s cabinet approved a tax exemption for crypto earnings to encourage fundraising via investment tokens • Holders of investment tokens don't need to include profits when calculating income tax, avoiding double taxation • Exemption applies to investment token earnings starting January 1, 2024 • Intended to make investment tokens another fundraising tool for Thai businesses • Part of Thailand's push to encourage crypto and blockchain activity