Thailand’s Securities and Exchange Commission has opened a public consultation on proposed Crypto Travel Rule regulations that would require digital asset service providers to collect and verify information about both senders and recipients of eligible crypto transfers.
The proposal also introduces verification procedures for transactions involving self-hosted wallets, reflecting the country’s efforts to strengthen oversight while supporting innovation in the digital asset sector.
The draft framework is designed to align Thailand’s crypto regulations with international standards established by the Financial Action Task Force.
If implemented, exchanges and wallet providers may need to upgrade compliance systems and strengthen transaction monitoring capabilities.
The regulator is inviting feedback from industry participants before finalizing the rules, demonstrating Thailand’s continued commitment to building a transparent and internationally aligned crypto market.
Source: sec.or.th
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