Thailand Tightens Crypto Rules for P2P Transfers and Self-Hosted Wallets

Thailand's Securities and Exchange Commission (SEC) has introduced new rules to tighten crypto regulations in the country. From February 27, 2027, licensed crypto platforms will be required to identify customers and their counterparties, including those using self-hosted wallets. This move is aimed at preventing money laundering and related crimes.

The SEC wants exchanges to submit information on the sender and beneficiary of each crypto transaction, which must be stored for at least five years. This data will enable authorities to quickly retrieve and examine it if necessary. The new regulations are part of a global anti-money laundering campaign driven by the Financial Action Task Force (FATF).

Thailand is not alone in implementing stricter crypto rules. The European Union has similar plans, with South Africa having already activated strict exchange capital controls linked to crypto funds.