The Thailand Securities and Exchange Commission has launched a public consultation on a draft notification that would impose travel rule and related risk management requirements on digital asset business operators. The proposal would require firms to ensure information accompanies digital asset transfers so transactions can be examined for money laundering risk, in line with international standards and as part of wider efforts to curb the use of digital asset services in cybercrime. The measure is intended as interim guidance developed with the Anti-Money Laundering Office while that agency prepares separate rules under the Anti-Money Laundering Act. Under the draft, operators would need policies and procedures for risks tied to sending and receiving digital assets, including collecting information on customers and counterparties, verifying the status of counterparties' digital asset operators or service providers, and confirming ownership or control of self-hosted wallets where relevant. Transfer-related information would have to be retained for at least five years, with the first two years stored so supervisors can retrieve or examine it immediately. Ordering operators would need to transmit originator and beneficiary information with the transfer order, and where intermediaries are involved, verify those intermediaries and take additional prescribed steps so the transfer route can be monitored continuously and completely. Receiving operators would also need to apply prescribed controls, including collecting originator and beneficiary information for incoming transfers from an ordering operator or, where applicable, directly from a customer. The SEC said it had already consulted on the principles in March and April 2026 and revised the draft after receiving largely supportive feedback. The current consultation closes on 10 July 2026.

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