Thailand Implements New Crypto Travel Rule with Self-Custodial Wallet Verification
- Thailand’s SEC will enforce new Bitcoin regulations starting February 27, 2027.
- Digital asset operators must verify ownership of self-custodial wallets during transactions.
- Operators are required to retain transaction records for a minimum of five years.
- The initiative aligns Thailand with global AML standards as part of a broader push by the Financial Action Task Force (FATF).
- Public consultations earlier this year indicated stakeholder support for these regulatory changes.
The new regulations aim to mitigate risks related to money laundering and terrorist financing by enhancing transparency in crypto transactions. This move is part of Thailand’s ongoing efforts to regulate digital assets and expand access to crypto products.
With the Travel Rule set to take effect in early 2027, Thai digital asset firms will need to adapt their systems for compliance, reflecting a significant shift in regulatory expectations for the crypto industry. (Source)
