Thailand Enacts Crypto Travel Rule with Self-Custodial Wallet Checks

Thailand has adopted the crypto Travel Rule, which requires self-custodial wallet checks to ensure compliance.

The rule aims to prevent money laundering and terrorist financing by requiring financial institutions to report and verify cross-border transactions involving cryptocurrencies.

In a move to implement this regulation, Thailand's banks will be conducting regular audits on cryptocurrency wallets to identify and track suspicious activity.