Thailand mandates crypto operators to verify transaction details by February 2027

Thailand’s Securities and Exchange Commission finalized its “Travel Rule for Digital Assets” on September 2, 2026, giving licensed crypto operators less than six months to build out compliance infrastructure before the rules take effect on February 27, 2027. The regulations require every licensed digital asset operator in the country to collect, verify, and transmit originator and beneficiary information for every single transfer. What the rules actually require Before processing any transaction involving an unhosted wallet, operators must verify that the user actually owns or controls it. Operators also need to conduct due diligence on counterparties and intermediaries involved in transactions. Every record must be retained for at least five years from the transaction date. One notable change from earlier drafts: the SEC eliminated the previous 30,000-baht threshold (roughly $850) that would have exempted smaller transfers. The final rules apply across all qualifying transactions, regardless of size. How Thailand got here Thailand’s SEC ran two rounds of public consultations, the first from March through April 2026 and the second from June through July 2026. The framework was deve...