Thailand tightens crypto rules with new wallet checks

Thailand will require crypto operators to verify self-custodial wallets and collect detailed transfer data, with new rules effective February 27, 2027. Operators must retain records for five years.

Thailand has announced new crypto Travel Rule regulations, requiring digital asset operators to collect, verify, and transmit detailed information about both parties involved in crypto transfers. This includes transactions with self-custodial wallets, increasing transparency in the sector. Effective February 27, 2027, operators must verify ownership or control of self-hosted wallets before processing any transfers. Additionally, they are required to retain transaction records for at least five years, with immediate regulatory access mandated for the first two years. These measures align Thailand with global Anti-Money Laundering standards and place greater responsibility on crypto businesses to identify transfer parties. The industry has several months to develop and implement the necessary compliance systems.