Share this article
Thailand Offers $1B Tax Break for Firms Issuing Investment Tokens: Reuters
The country will waive corporation and sales taxes for those firms.
Updated Mar 7, 2023, 8:13 p.m. Published Mar 7, 2023, 12:14 p.m.
Thailand is offering a tax break for companies that issue digital tokens for investment, in a move that may cost the government 35 billion baht ($1 billion), according to a report from Reuters.
The Thai government agreed on Tuesday to waive the corporation and value-added tax, a form of sales tax, for companies that raise capital by issuing digital tokens rather than by more traditional ways, the report said.
STORY CONTINUES BELOW
In September, Thailand's financial regulator banned crypto firms from offering staking and lending services and established stricter crypto advertising rules, and has more recently issued regulations for crypto custody. Its central bank has also been involved in international projects to test central bank digital currencies.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Small Texas Lender Monet Joining Field of Crypto-Focused Banks
The bank is owned by billionaire Andy Beal, a major supporter of U.S. President Donald Trump's 2016 campaign.
Top Stories
