Thailand Proposes Five-Year Crypto Transfer Records Under Travel Rule

Thailand's Securities and Exchange Commission (SEC) has proposed new rules requiring digital asset operators to collect, verify, and retain information tied to crypto transfers under its planned Travel Rule framework.

The proposed rule aims to improve transaction tracing and prevent crypto services from being used for money laundering and technology-related crime. Digital asset operators would need to verify ownership or control of self-hosted wallets and conduct checks on counterparties and service providers.

Transaction records would have to be retained for at least five years, with immediate regulatory access required during the first two years. The proposal covers transfers between customers and regulated service providers as well as transactions involving self-hosted wallets.