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Thailand travel rule will tighten data checks on crypto transfers
The Securities and Exchange Commission says the rules take effect Feb. 27, 2027, after a 180-day implementation period, and require enhanced recipient details for transfers above 30,000 baht.
Thailand is introducing a “travel rule” for crypto transfers that requires supervised platforms to collect and transmit information identifying people or entities behind transactions, the country’s Securities and Exchange Commission said.
The SEC announced the rule on Sept. 2, with an associated notification dated Aug. 25. It will take effect Feb. 27, 2027, after a 180-day implementation period following publication in the Royal Gazette.
Under the framework, supervised digital-asset operators must collect information on customers and their counterparties when coins are transferred, pass originator and beneficiary details through the transfer chain, and keep transfer-related records for at least five years.
The requirements vary by transfer size and where the coins come from, including extra recipient details for transfers over 30,000 baht and additional checks when transfers arrive from self-hosted wallets, such as verifying the user can control or access the wallet if the transfer exceeds the threshold, according to the SEC’s customer-facing Q&A.