🇹🇭 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.
Starting from 27/02/2027, crypto businesses in Thailand will be required to:
🔴 Verify ownership or control of self-custody wallets when customers deposit/withdraw crypto.
🔴 Collect information about the sender and recipient in transactions.
🔴 Transfer this information between the relevant digital asset service providers.
🔴 Retain transaction data for at least 5 years.
The notable point is that Thailand does not ban self-custody. Users still directly hold their private keys and assets.
But the boundary between personal wallets and the regulated financial system is gradually being KYC-ized.
Crypto may still be permissionless on-chain. But the gateways that move 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.
Starting from 27/02/2027, crypto businesses in Thailand will be required to:
🔴 Verify ownership or control of self-custody wallets when customers deposit/withdraw crypto.
🔴 Collect information about the sender and recipient in transactions.
🔴 Transfer this information between the relevant digital asset service providers.
🔴 Retain transaction data for at least 5 years.
The notable point is that Thailand does not ban self-custody. Users still directly hold their private keys and assets.
But the boundary between personal wallets and the regulated financial system is gradually being KYC-ized.
Crypto may still be permissionless on-chain. But the gateways that move money into and out of the system are increasingly resembling traditional finance.