Thailand SEC Opens Comments On Crypto Travel Rule For Wallet Transfers

Thailand’s Securities and Exchange Commission opened a public consultation on a draft notification for crypto Travel Rule requirements, moving digital asset transfers closer to stricter sender, recipient and wallet-verification controls.

The draft Travel Rule would require digital asset business operators to build policies and procedures for managing risks tied to crypto transfers. The rules are aimed at money-laundering risk, cybercrime prevention and the use of digital asset platforms as channels for illicit finance.

The consultation follows an earlier March-April hearing on the core principles. Thailand’s SEC said most relevant parties supported the proposal, with comments used to revise the draft notification before the latest public-comment round.

The public hearing ends on July 10, 2026. That gives exchanges, brokers, custodians, wallet-service providers and other licensed digital asset operators a short window to respond before the regulator finalizes the framework.

Operators Face Sender, Recipient And Wallet Checks

The draft would require operators to collect customer and counterparty information accompanying digital asset transfers. That includes originator and beneficiary information when assets move between digital asset operators, and customer-supplied details when transfers come directly from users.

Self-hosted wallets are a key part of the proposal. Operators would need to verify ownership or control of a self-hosted wallet when digital assets are sent to or received from one. That would bring wallet checks directly into Thai crypto transfer compliance, rather than limiting controls to exchange-to-exchange transactions.

Digital asset operators would also need to verify the qualifications of counterparties, including other digital asset business operators or service providers involved in a transfer. Intermediary operators in a transfer route would face additional checks so transaction paths can be monitored continuously.

Transfer records would need to be retained for at least five years. During the first two years, the information must remain available in a form that allows the supervisory authority to retrieve or examine it immediately.

Thailand Tightens Crypto AML Controls

The proposal extends Thailand’s wider push to track digital asset flows more closely. Earlier anti-crime measures targeted foreign crypto P2P services, mule accounts and digital asset channels used in online scams.

The new Travel Rule draft moves that approach from blocking and enforcement into day-to-day transfer infrastructure. Instead of only reacting to suspicious flows after funds move, operators would need systems that attach identity and counterparty information to transfers from the start.

The direction also fits a broader global shift toward more intensive crypto identity checks. Europe’s latest AML framework put Bitcoin platforms on a 2027 KYC clock as regulators move cash limits, crypto transfers and platform monitoring into the same compliance discussion.