Thailand’s has adopted a progressive approach to digital assets and investment tokens, with the aim of creating a favorable trading and transfer environment. The Royal Decree issued under the Revenue Code B.E. 2481 (1938) on the Exemption from Taxes No. 744 B.E. 2565 (“Royal Decree No. 744”) and No. 779 B.E. 2566 (“Royal Decree No. 779”) laid the foundation for tax relief measures in the digital asset space, providing corporate income tax and value-added tax (“VAT”) exemptions for certain transactions and offering tax benefits to bolster the digital economy.