On 22 October 2024, the Thai Cabinet approved the signing of a letter of commitment to join the Multilateral Competent Authority Agreement on Automatic Exchange of Information pursuant to the Crypto-Asset Reporting Framework (CARF MCAA). The CARF provides for the reporting of tax information on transactions in crypto-assets in a standardized manner, with a view to automatically exchanging such information. As per the letter of commitment, Thailand intends to begin exchanging information under the CARF by 2028.