Thailand SEC Proposes Travel Rule Requiring Five-Year Crypto Transfer Records

Thailand’s Securities and Exchange Commission (SEC) has released a draft notification that would extend the global Travel Rule to domestic digital‑asset service providers. The proposal mandates extensive data collection, verification and record‑keeping for crypto transfers, including those involving self‑hosted wallets.

Key Requirements

• Operators must verify ownership or control of any self‑hosted wallet used by a customer.
• Information on both the sender and recipient, as well as any intermediary service providers, must be collected for every transfer.
• Transaction records must be retained for at least five years.
• During the first two years of retention, records must be kept in a format that allows immediate supervisory access.

Scope of Application

The rules apply to transfers between customers and regulated service providers, as well as transfers involving self‑hosted wallets. Operators acting as the ordering or beneficiary digital‑asset operator must exchange identifying information with counterparties, and any intermediary operators must undergo prescribed qualification checks.

Regulatory Coordination

The SEC drafted the proposal in coordination with Thailand’s Anti‑Money Laundering Office (AMLO). Both agencies aim to ensure that transaction data can be used for monitoring suspicious activity, including money laundering and technology‑related crime.

Context and Related Developments

• Thailand’s authorities have increased AML scrutiny, recently examining high‑value USDT activity for potential links to gambling and other grey‑economy sectors.
• Regional peers such as South Korea and Taiwan are also tightening transfer‑information requirements.
• The SEC is simultaneously advancing other crypto‑regulatory initiatives, including rules for crypto derivatives, spot Bitcoin and Ether ETFs, and enforcement actions against firms like Bitkub.

Next Steps

The draft notification is published on the SEC website and Thailand’s Law Portal. Comments from digital‑asset businesses and the public are accepted until 10 July 2026. If finalized, the Travel Rule would become a core component of Thailand’s anti‑money‑laundering framework for virtual assets.