Thailand cryptocurrency regulatory developments

Thailand’s Securities and Exchange Commission (SEC) is implementing new regulatory frameworks for digital asset operators to increase transparency and mitigate financial crime.

In early September 2026, the SEC finalized ‘Travel Rule’ requirements scheduled for implementation on February 27, 2027. These rules mandate that licensed operators collect and transmit identifying information for both senders and recipients. Notably, the framework includes self-custodial wallets, requiring operators to verify customer ownership or control for transactions involving 30,000 Thai baht or more. SEC Secretary-General Pornanong Budsaratragoon stated these measures aim to ‘reduce the risk of digital asset operators being used for money laundering and terrorist financing.’

Following this, the SEC opened a public consultation on September 12, 2026, regarding proposed regulations for stablecoin transactions. The framework includes a proposed daily limit of 5 million baht (approximately $151,000) for both inbound and outbound transfers involving external wallets. To prevent third-party transfers, the draft rules would restrict stablecoin deposits and withdrawals to accounts or wallets verified as belonging to the same customer.

Exemptions from the daily cap would apply to transfers between Thai-regulated operators that comply with the Travel Rule, as well as certain authorized business entities and market makers. The regulator also intends to implement stricter screening processes, requiring operators to monitor blockchain activity for links to high-risk wallets and ensure transaction values align with customers’ declared financial profiles. Public comments on the proposal are being accepted through September 25, 2026.