REGULATION | Thailand Updates Crypto Travel Rule to Include Self-Custodial Wallets

Thailand is tightening oversight of crypto transfers, bringing self-custodial wallets 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. The rules require licensed digital-asset operators to collect and transmit information about the sender and recipient of crypto transfers and conduct due diligence on counterparties.

A key change is the treatment of self-custodial wallets where users control their own private keys rather than relying on an exchange or other custodian. Thai crypto operators will have to verify ownership or control of such wallets when customers send or receive digital assets.

For transfers of 30,000 Thai baht or more, additional ownership or control checks apply.

REGULATION | Thailand Proposes Adding ‘Funding Source Providers’ for Crypto Firms

Operators will also have to retain transaction information for at least five years and make it available for regulatory examination. The requirements are designed to give authorities greater visibility into crypto flows and reduce the use of regulated platforms for financial crime.

Thailand’s Securities and Exchange Commission Secretary-General, Pornanong Budsaratragoon, said the rules aim to ‘reduce the risk of digital asset operators being used for money laundering and terrorist financing.’