Thailand's SEC Enforces Crypto Travel Rule for Digital Asset Operators
Thailand's Securities and Exchange Commission (SEC) has issued a new Crypto Travel Rule to strengthen anti-money laundering efforts in the digital asset sector.
The rule, which takes effect on February 27, 2027, requires digital asset operators to verify ownership of self-custodial wallets during transfers. Operators must also collect detailed information on customers and their counterparties, including conducting due diligence checks before any transfer takes place.
One central feature of the Crypto Travel Rule involves self-hosted wallets. Operators must confirm ownership or control of these wallets before sending or accepting funds. This applies whenever digital assets move to or from a wallet outside a regulated platform.
The rule also mandates that operators transmit sender and beneficiary details alongside every transfer order, with this information reaching the counterparty operator receiving the transaction. Operators must retain all transaction records for a minimum of five years for regulatory review.