Thailand SEC Imposes New Crypto Transfer Rules
Thailand's Securities and Exchange Commission (SEC) has issued a new rule for cryptocurrency platforms to collect and share sender and recipient information for coin transfers. The rule takes effect on February 27, 2027, giving operators a 180-day window to prepare after publication in the Royal Gazette.
Licensed digital asset operators must collect data on customers and their counterparties whenever coins are transferred. They must also verify the qualifications of other providers involved in the transfer route.
When one operator sends a transfer, it must pass sender and recipient information to the receiving operator. Records of these transfers must be kept for five years.
Customers face different rules based on how much they send. Any transfer requires basic recipient identification, even small ones. Transfers above 30,000 baht need more detail, including the recipient's city, province, and country. If the recipient is a company, customers must also share its registration number.
Self-hosted wallets get closer attention. When coins arrive from a personal wallet, the platform must collect sender details just like any other transfer. If that transfer is above 30,000 baht, the platform must confirm the customer actually owns or controls the wallet.