Thailand Tightens Crypto Oversight with Travel Rule Regulations
Thailand's financial regulator has issued final Travel Rule regulations for digital asset operators, requiring them to collect and share key information about parties involved in crypto transfers. The Thailand Securities and Exchange Commission (SEC) announced that these rules will take effect on February 27, 2027, giving industry participants nearly six months to build operational and compliance systems.
The new regulations align local oversight with international anti-money laundering standards. Digital asset operators must gather information about the parties to crypto transfers, including ownership or control checks for self-custodial wallets. They also need to retain transaction-related party information for at least five years and make records available for regulatory review.
Thailand's move reflects a broader Financial Action Task Force (FATF) push to standardize traceability of crypto transfers across jurisdictions. The SEC described the implementation timeline as a way to allow the market time to prepare, with rules due to begin on February 27, 2027. Self-custodial wallets will face additional checks under the new framework.