🇹🇭 THAILAND TIGHTENS CONTROL OVER SELF-CUSTODY CRYPTO WALLETS
Thailand’s SEC has officially issued the Travel Rule for Digital Assets, bringing crypto transfers between regulated platforms and self-custody wallets under stricter oversight.
From 27/02/2027, crypto businesses in Thailand will be required to:
🔴 Verify ownership of or control over self-custody wallets when customers deposit/withdraw crypto.
🔴 Collect information about the sender and receiver in transactions.
🔴 Share this information among the relevant digital asset service providers.
🔴 Retain transaction data for at least 5 years.
The notable point is that Thailand is not banning self-custody. Users still directly hold the private key and the assets.
But the boundary between personal wallets and the regulated financial system is gradually being KYC-ified.
Crypto may still remain permissionless on-chain. But the gateways for moving money into and out of the system are increasingly resembling traditional finance.
Thailand’s SEC has officially issued the Travel Rule for Digital Assets, bringing crypto transfers between regulated platforms and self-custody wallets under stricter oversight.
From 27/02/2027, crypto businesses in Thailand will be required to:
🔴 Verify ownership of or control over self-custody wallets when customers deposit/withdraw crypto.
🔴 Collect information about the sender and receiver in transactions.
🔴 Share this information among the relevant digital asset service providers.
🔴 Retain transaction data for at least 5 years.
The notable point is that Thailand is not banning self-custody. Users still directly hold the private key and the assets.
But the boundary between personal wallets and the regulated financial system is gradually being KYC-ified.
Crypto may still remain permissionless on-chain. But the gateways for moving money into and out of the system are increasingly resembling traditional finance.