Thailand SEC Opens Comments On Crypto Travel Rule For Wallet Transfers
Thailand’s Securities and Exchange Commission opened a public consultation on a draft notification for crypto Travel Rule requirements, moving digital asset transfers closer to stricter sender, recipient and wallet-verification controls. The draft Travel Rule would require digital asset business operators to build policies and procedures for managing risks tied to crypto transfers. The rules are aimed at money-laundering risk, cybercrime prevention and the use of digital asset platforms as channels for illicit finance.