Thailand’s Securities and Exchange Commission has finalized a crypto travel rule that will require digital asset operators to identify the sender and recipient in every crypto transaction. The rule is set to take effect on Feb. 27, 2027, and introduces a set of compliance duties for firms operating in the country.
Under the framework, operators must establish transfer risk policies, collect identity data for customers and counterparties, and transmit sender and recipient information along with each transfer. They will also need to retain transaction records for at least five years, with the first two years available for immediate regulatory access when requested.
The rule also adds a requirement around self-hosted wallets. Operators must verify whether users control the funds in those wallets before processing relevant transfers. Thai regulators said the measure is designed to reduce money laundering and terrorist financing risks and to align the country’s oversight standards with the international anti-money laundering framework set by the Financial Action Task Force.
Thailand’s Securities and Exchange Commission has finalized a crypto travel rule that requires digital asset operators to identify the sender and recipient in each crypto transaction.
The new rule will take effect on Feb. 27, 2027. Under the requirements, operators must put transfer risk policies in place, collect identity data on customers and counterparties, and pass sender and recipient information along with each transfer.
Firms must also keep transaction records for at least five years. For the first two years, those records must be available at any time if requested by regulators. In addition, operators must verify whether a user controls the funds held in a self-hosted wallet.
The rule is intended to help prevent money laundering and terrorist financing, while bringing Thailand’s regulatory standards in line with the international anti-money laundering standards of the Financial Action Task Force.
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