Good condition, I don't understand exactly how Thailand recognizes crypto. But seeing about this good news I think Thailand is a crypto friendly country. I think this condition is a way to increase crypto users in Thailand. This means that Thailand fully supports crypto policy as one of the sources of state income.
Below I quote some from the article about crypto rules in Thailand.
Emergency Decree on Digital Asset Businesses (B.E. 2561): This decree, effective since May 14, 2018, regulates digital assets, including cryptocurrencies and digital tokens. It establishes the Thai Securities and Exchange Commission (SEC) as the primary regulator.
Royal Decree on Digital Asset Business: This decree, also effective since May 14, 2018, classifies digital assets as digital assets and defines them as electronic data built on systems or electronic networks to be used as currency for the exchange of goods and services, in compliance with SEC regulations.
Taxation: Profits derived from digital assets are taxed under the progressive Personal Income Tax (PIT) up to 35%. The Thai Revenue Department (RD) has issued guidelines for PIT on digital assets, applicable to the tax year 2021. Transactions are categorized into five types: trading, lending, staking, mining, and ICOs.
Value-Added Tax (VAT): Digital asset exchanges approved by the SEC are exempt from VAT. However, companies selling products or services related to digital assets must collect VAT at 7%. The Royal Thai Government Gazette has announced a VAT exemption for the transfer of digital assets traded in approved exchange platforms and for the transfer of digital currencies launched by the Bank of Thailand (Retail Central Bank Digital Currency), effective from April 1, 2022, to December 31, 2023.
Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT): Digital asset business operators and digital token portal service providers are considered financial institutions under the Anti-Money Laundering Act B.E. 2542 (1999). They must comply with AML/CFT requirements, including customer due diligence, reporting suspicious transactions, and maintaining records.
Licensing: Digital asset exchanges and brokers must obtain licenses from the SEC. The SEC also regulates Initial Coin Offerings (ICOs) and has introduced measures to increase scrutiny and protect investors.
Custodial Wallets: Digital asset entities seeking to offer custodial wallet services must obtain approval from the SEC. To qualify, they must be publicly listed companies or subsidiaries of publicly listed companies, have experience in managing securities or financial assets, and demonstrate a commitment to safeguarding investors assets.
Source:
https://www.thailand-business-news.com/cryptocurrencies-and-digital-asset-laws-in-thailand