Thailand’s SEC proposed a Travel Rule for digital asset transfers

The draft focused on information that travels with a transfer

The June proposal placed the main compliance duties on licensed digital asset operators. They would be required to collect information about customers and counterparties, check the relevant digital asset service providers involved in a transfer, and send originator and beneficiary information with transfer instructions.

The SEC also proposed a long retention period for transaction data. Operators would have to keep the information accompanying each digital asset transaction for at least five years, with the first two years stored in a form that could be retrieved or examined promptly by the regulator.

Public comments on the draft were accepted until 10 July 2026. At that point, the announcement described a consultation and could not be treated as evidence that the requirements were already binding.

**Self-hosted wallets remain possible, with added verification**

The proposal specifically addressed transfers to and from self-hosted wallets, where the user controls the wallet rather than leaving the assets with a licensed platform. Operators would be expected to verify ownership of, or control over, such wallets when they are involved in a transfer.

For customers, this points to a more document-heavy transfer process rather than a blanket ban on personal wallets. An exchange or other licensed service may ask for additional information when assets move between its platform and an external wallet, particularly where it needs to establish who controls the destination or source address.

The exact customer-facing process will depend on each operator’s systems and procedures. Platform notices will therefore matter more than assuming that every service will implement verification in the same way.

For practical context, see Thailand economy and finance. This development also connects with Thailand Moves Toward Tighter Stablecoin Transfer Rules.

The legal status changed after the June consultation

The SEC subsequently issued the final Travel Rule requirements. Notification No. Sor Thor. 9/2026 is dated 25 August 2026, and the regulator published a public explanation on 2 September.

The final framework retained the core elements of the draft: information on transfer parties, counterparty checks, verification involving self-hosted wallets, transmission of originator and beneficiary details between operators, and at least five years of data retention. The rules are scheduled to take effect on 27 February 2027, giving operators time to prepare their data-sharing and transaction-monitoring systems.

That later decision changes how the June story should be read today. The consultation was a genuine draft stage, while the requirements have since been adopted but are not yet effective as of September 2026.