Thailand’s Securities and Exchange Commission has introduced new crypto-transfer rules requiring supervised digital-asset platforms to collect and share information identifying the people and organisations involved in transactions, including some transfers involving private wallets.
The SEC announced the so-called Travel Rule on 2 September, while the related notification is dated 25 August. The requirements will come into force on 27 February 2027, following a 180-day preparation period after publication in the Royal Gazette.
The implementation period is intended to give operators time to build systems for exchanging transfer information, screening transactions and requesting additional details from customers, according to the SEC’s customer-facing question-and-answer guidance.
Under the new rules, SEC-supervised digital-asset operators must gather information about their customers and the counterparties involved whenever coins are transferred. Platforms must also screen counterparties and confirm the qualifications of digital-asset service providers or intermediaries involved in the transaction route.
When one operator sends a transfer instruction to another, it must pass on information about both the originator and the beneficiary. Records connected to transfers must be retained for a minimum of five years.
The amount being transferred will determine how much information customers must provide. When coins are sent from a wallet held on a regulated platform, the customer will have to identify the recipient even if the transaction is worth no more than 30,000 baht.
For transfers above 30,000 baht, customers must provide further information, including the recipient’s province or city and country. If the beneficiary is a legal entity, its registration number must also be supplied. In effect, smaller transactions require basic recipient identification, while larger transfers trigger additional location or corporate details.
For incoming transfers between regulated operators, the receiving platform must obtain the relevant information from the sender’s operator before allowing the recipient to withdraw or move the coins out of the wallet.
Additional checks will apply when assets are sent from a self-hosted wallet to a wallet held on a regulated platform. The platform must collect information about the sender as it would for another transfer. Where the transaction exceeds 30,000 baht, it must also establish that the customer owns or controls the self-hosted wallet by confirming that the person can access it or exercise control over it.
The responsibility rests with supervised operators whenever a transaction passes through their services. However, the SEC’s guidance does not say that proof of wallet ownership will be required for every crypto transfer.
The rules are also limited to coin transfers and do not cover every type of activity on a regulated platform. They will not apply to trades completed through an operator’s order book, or to transfers and withdrawals involving Thai baht.
The SEC said most transactions should continue to follow normal procedures where customers submit complete information and platforms are fully prepared. However, high-value payments, transfers with missing details and transactions requiring extra checks on a wallet may take longer to process.
The policy represents a major expansion of information-sharing obligations for Thailand’s supervised crypto sector, while leaving ordinary trading activity and Thai baht movements outside the scope of the new requirements.
