Thailand has rolled out the Travel Rule for its crypto sector. Under these new rules, digital asset operators are now required to verify that customers actually control their self-custody wallets, and must keep records of related transactions for five years.

What Changes for Digital Asset Operators

Firms working in Thailand’s digital asset space need to set up procedures to confirm users really own the self-custody addresses they interact with. Alongside standard KYC, they’ll also have to collect and securely store transaction data for up to five years to stay compliant with the new regulations.

What This Means for Users

If you’re moving crypto to your own wallet, you might be asked for extra proof that you control the self-custody address. Operators will also keep data about these transfers for five years as part of their compliance process.

Key Elements of the Rule

The main focus here: operators must verify control of self-custody wallets and keep transaction records for five years. These two requirements are now a mandatory part of compliance for Thailand’s digital asset market.