Thailand has formally adopted the cryptocurrency travel rule. Virtual asset service providers must now conduct wallet checks and retain related data for five years. The rule is intended to boost industry transparency, but it has also raised concerns about data security and user trust. Techub News reported the development, citing Crypto Briefing.
Thailand has now formally put the cryptocurrency travel rule in place. Under it, virtual asset service providers have to verify wallets and retain the related records for five years, according to a Techub News report that cited Crypto Briefing.
The aim is to make the industry more transparent. But it has also stirred concerns about data security and user trust.
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