Thailand Implements Travel Rule for Digital Assets
Thailand's Securities and Exchange Commission (SEC) has issued regulations for digital asset operators, requiring them to verify self-custodial wallet ownership and retain transaction records for at least five years. The Travel Rule, a global Anti-Money Laundering standard promoted by the Financial Action Task Force (FATF), aims to reduce the risk of money laundering and terrorist financing.
The regulations, which take effect on February 27, 2027, give digital asset operators nearly six months to build or upgrade systems for transmitting, receiving, and monitoring transaction information. Thai digital asset operators must verify the ownership or control of self-custodial wallets whenever a customer sends crypto to or receives crypto from one.
The rules were developed in coordination with Thailand's Anti-Money Laundering Office (AMLO) and are part of a broader expansion of Thailand's crypto regulatory framework. The SEC has proposed allowing intermediaries to offer retail investors access to certain crypto derivatives traded on regulated overseas exchanges.