Sweden vs Thailand
Crypto regulation comparison
Sweden
Thailand
Legal
Legal
Cryptocurrency is legal and regulated in Sweden. Crypto capital gains are taxed at a flat 30% rate. Finansinspektionen registers VASPs and oversees compliance. Sweden's Riksbank has been a pioneer in CBDC research with its e-krona project. MiCA applies from December 2024.
Thailand has a comprehensive crypto regulatory framework under the Digital Asset Business Emergency Decree (2018). The SEC Thailand licenses digital asset exchanges, brokers, and dealers. Crypto gains are taxed at 15% withholding tax, though the government exempted VAT on crypto trading on authorized exchanges from 2022. Thailand has a well-developed exchange ecosystem with Bitkub as the dominant platform.
Tax Type
Capital gains
Tax Type
Capital gains
Tax Rate
30%
Tax Rate
15%
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
Finansinspektionen (FI)
Regulator
SEC Thailand, BOT (Bank of Thailand)
Stablecoin Rules
Regulated under EU MiCA framework
Stablecoin Rules
SEC Thailand regulates digital tokens including stablecoins
Key Points
- Flat 30% tax on crypto capital gains
- Skatteverket (Swedish Tax Agency) actively tracks and taxes crypto; has made bulk data requests to exchanges
- VASPs must register with Finansinspektionen for AML compliance
- Riksbank e-krona CBDC pilot is one of the most advanced in Europe
- MiCA framework applicable from December 2024
Key Points
- Digital Asset Business Emergency Decree B.E. 2561 (2018) provides comprehensive regulation
- SEC Thailand licenses exchanges, brokers, dealers, and fund managers for digital assets
- 15% withholding tax on crypto gains; VAT exempted on authorized exchange trades since 2022
- BOT restricts crypto for payments but allows it as an investment asset
- Bitkub is the dominant exchange (~90% market share domestically)