SEC to Implement Crypto Travel Rule on February 27, 2027

Prachachat•Economy•6d ago

Reader Briefing

The Securities and Exchange Commission (SEC) is introducing the Travel Rule for digital asset transfers to combat money laundering and technological crime.

•The SEC is implementing the Travel Rule for digital asset transfers effective February 27, 2027.
•Digital asset business operators must collect sender and receiver data for every transaction.
•Transfers exceeding 30,000 Baht require additional details, including the receiver's city, country, and corporate registration number if applicable.
•The rule aims to align Thai measures with Financial Action Task Force (FATF) standards.

Overview

•The Securities and Exchange Commission (SEC) issued the Travel Rule to increase monitoring of digital asset transfer paths.
•The Securities and Exchange Commission (SEC) aims to reduce risks of money laundering, technological crime, and terrorism financing.
•Digital asset transfers of 30,000 Baht or less require the identity of the recipient, while transfers exceeding 30,000 Baht require the recipient's city, country, and corporate registration number for legal entities.
•For self-hosted wallets with transfers exceeding 30,000 Baht, business operators must verify ownership or control of the wallet.
•Business operators must store digital asset transfer data for at least 5 years in a format accessible to regulators.
•The Travel Rule does not affect digital asset trading on exchanges or the transfer and withdrawal of Thai Baht.
•The Travel Rule will become effective on February 27, 2027, to allow business operators and users time to prepare.
•The Securities and Exchange Commission (SEC) expects the rule to increase Thailand's credibility in connecting with international markets in the long term.

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Key Entities

Organization

Securities and Exchange Commission(ก.ล.ต.)ℹ️

The regulator that issued the Travel Rule for digital asset transfers.

Financial Action Task Forceℹ️

An international body whose standards the Securities and Exchange Commission (SEC) aims to align with.

Person

Pornanong Busaratrakul(พรอนงค์ บุษราตระกูล)

Secretary-General of the Securities and Exchange Commission.

Policy

Travel Rule

A set of rules for managing risks associated with the transfer and receipt of digital assets.