Thailand’s SEC finalizes crypto Travel Rule, effective February 2027

Thailand’s Securities and Exchange Commission has set a February 27, 2027, date for digital asset operators to set up the systems they need to align with the finalized version of its crypto “Travel Rule” or lose their right to do business in the country.

By the deadline set about six months away by the country’s regulator, licensed exchanges and others running digital asset businesses must be able to identify both the sender and receiver in every crypto transfer, among other stipulations.

The new digital asset compliance regime being pushed forward in Thailand will now carry identifying data that brings crypto transactions closer to traditional bank wire transfers.

What will change about Thailand’s digital asset sector?

The Thai SEC’s announcement specifically mentioned four core duties it requires of digital asset business operators in the country.

• Operators must write policies and procedures for handling transfer risk.
• They must gather identity data on customers and their counterparties.
• Firms must pass originator and beneficiary details to the receiving operator alongside the transfer order.
• A new five-year minimum requirement to hold accompanying records on transactions.

Operators also face new due diligence responsibilities on any intermediaries that handle funds during transfers as well as the firms on the other end of transfers.