Thailand Tightens Oversight of Crypto Transfers with Self-Custodial Wallets

Thailand is updating its crypto travel rule to include self-custodial wallets, bringing them further into the country's financial compliance regime.

The Securities and Exchange Commission said its new 'Travel Rule for Digital Assets' will take effect on Feb. 27, 2027.

Licensed digital-asset operators will have to collect and transmit information about the sender and recipient of crypto transfers and conduct due diligence on counterparties.

The rules require verification of ownership or control of self-custodial wallets when customers send or receive digital assets, with additional checks for transfers of 30,000 Thai baht or more.