Thailand has introduced a new crypto Travel Rule that mandates digital asset operators to verify control over self-custodial wallets. This regulation aims to enhance transparency and security within the digital asset space.
According to CoinTelegraph, operators are also required to retain transaction data for a period of five years. This move aligns Thailand with global efforts to tighten compliance in cryptocurrency transactions and combat illicit activities.
For Japanese investors and market participants, this development highlights the growing regulatory scrutiny in Asia’s crypto markets, underscoring the importance of compliance and data management in cross-border digital asset transactions.