Hyperliquid in Thailand
Restricted: not geoblocked by Hyperliquid, but Thailand blocks unlicensed offshore crypto exchanges and the tax exemption covers only licensed local venues.
| Hyperliquid terms | Not restricted by Hyperliquid's terms |
|---|---|
| National position | Restricted |
| Regulator | Securities and Exchange Commission, Thailand (Thai SEC) |
| Last reviewed | 23 October 2026 |
The legal situation in Thailand
Thailand is not on Hyperliquid's restricted list. Operating a digital asset exchange for Thai users requires a licence under the 2018 Digital Asset Business Emergency Decree, and since 28 June 2025 the Thai SEC has blocked unlicensed offshore exchanges (Bybit, OKX, CoinEx, XT.COM, 1000X) under the technology-crime decree. A further cross-border platform block followed a February 2026 criminal complaint. We found no action naming Hyperliquid.
Key facts
- 28 Jun 2025: Thai SEC and the Ministry of Digital Economy and Society blocked Bybit, OKX, CoinEx, XT.COM and 1000X under the Emergency Decree on Technology Crime.
- 20 Feb 2026: SEC filed a criminal complaint over an unlicensed cross-border exchange; public access was to be restricted from 22 Mar 2026.
- Tax: 0% capital gains tax on crypto from 1 Jan 2025 to 31 Dec 2029, only for trades through Thai SEC-licensed exchanges and brokers; foreign or unlicensed platforms are not covered.
- No Thai SEC action specifically naming Hyperliquid was found.
What are your options in Thailand?
If Hyperliquid or local law restricts this country, the honest answer is: don't try to get around it. Using a VPN breaks Hyperliquid's Terms of Use and may break local law. Look for derivatives platforms licensed by Securities and Exchange Commission, Thailand (Thai SEC), and check back here: rules change.
Sources
General information, not legal advice. Check the regulator's own website before acting.
Frequently asked questions
Is Hyperliquid legal in Thailand?
Restricted: not geoblocked by Hyperliquid, but Thailand blocks unlicensed offshore crypto exchanges and the tax exemption covers only licensed local venues.
Can I use a VPN for Hyperliquid in Thailand?
No. Hyperliquid's Terms of Use prohibit using a VPN to get around location restrictions, and it may also break local law.