Thailand has adopted a crypto Travel Rule that requires digital asset operators to collect information on parties involved in transfers and verify ownership or control of self-custodial wallets in relevant transactions, according to an announcement from the country’s Securities and Exchange Commission on Wednesday.
The new rules tighten oversight of crypto transfers in Thailand, including transactions involving self-custodial wallets, as the country moves to align its framework with global Anti-Money Laundering standards.
The regulations will take effect on Feb. 27, 2027. That gives crypto businesses nearly six months to develop systems for transmitting, receiving and monitoring transaction information. Thailand is joining a wider international push to identify who sends and receives crypto. The Financial Action Task Force estimated that, as of 2026, 83% of surveyed jurisdictions had passed Travel Rule legislation.
Self-custodial wallets brought into compliance checks
Under the final framework, Thai digital asset operators must verify the ownership or control of self-hosted, or self-custodial, wallets when customers send crypto to those wallets or receive crypto from them.
Unlike wallets managed by centralized exchanges or custodians, self-custodial wallets give users direct control of the private keys needed to access their crypto holdings.
Operators must also retain information accompanying every digital asset transaction for at least five years and make those records available for regulatory examination.
The requirements place added responsibility on crypto companies to identify the parties behind transfers, including those tied to self-custodial wallets.
Pornanong Budsaratragoon, secretary-general of Thailand’s SEC, said the rules are meant to 「reduce the risk of digital asset operators being used for money laundering and terrorist financing.」
Final rules follow two consultation rounds
The final measures came after two rounds of public consultation this year. The process began with proposed principles in March, followed by a draft notification in June.
According to the SEC, most stakeholders supported the proposals.
The Travel Rule arrives as Thailand is also considering broader access to other regulated crypto products.
On Monday, the SEC proposed allowing intermediaries to offer retail investors access to certain crypto derivatives traded on regulated overseas exchanges. Days earlier, the regulator advanced draft rules for spot Bitcoin and Ether exchange-traded funds and also sought feedback on requirements for foreign digital asset custodians used by funds investing in crypto.