TLDR
- Thailand’s SEC will require licensed crypto platforms to collect and share sender and recipient information for coin transfers.
- The rule takes effect Feb. 27, 2027, giving operators a 180-day window to prepare after publication.
- Transfers over 30,000 baht require extra recipient details, including location and, for companies, a registration number.
- Self-hosted wallet transfers above 30,000 baht may need ownership verification before funds can move.
- The rule does not cover order book trades or Thai baht transfers, since it only applies to coin transfers.
Thailand’s Securities and Exchange Commission has issued a new rule for crypto platforms. The rule targets how coins move between wallets.
The regulator announced the rule on Sept. 2. The official notification is dated Aug. 25.
The rule takes effect Feb. 27, 2027. That gives operators a 180-day window after publication in the Royal Gazette to prepare.
The extra time lets platforms build systems to exchange transfer data. They also need time to check transactions and request information from customers.
How the New Rule Works
Licensed digital asset operators must collect data on customers and their counterparties. This applies whenever coins are transferred.
Operators must also check counterparties. They need to verify the qualifications of other providers involved in the transfer route.
When one operator sends a transfer, it must pass sender and recipient information to the receiving operator. Records of these transfers must be kept for five years.
Customers face different rules based on how much they send. Any transfer requires basic recipient identification, even small ones.
Transfers above 30,000 baht need more detail. Customers must add the recipient’s city, province, and country.
If the recipient is a company, the customer must also share its registration number. This applies only to larger transfers.
Self-Hosted Wallets Face Extra Checks
The rule also covers transfers between regulated platforms. The receiving platform must collect sender information before letting a customer move funds out of their wallet.
Self-hosted wallets get closer attention. When coins arrive from a personal wallet, the platform must collect sender details just like any other transfer.
If that transfer is above 30,000 baht, the platform must confirm the customer actually owns or controls the wallet. This step could add time to some transactions.
The rule does not cover every crypto activity though. Trades made directly on an operator’s order book are not included.
Transfers and withdrawals of Thai baht are also left out, since the rule only governs coin transfers.
The SEC says most transfers should move as usual. This applies when customers give complete information and platforms are ready for the change.
Delays are more likely in specific cases. High-value transfers, missing data, or wallet verification checks could slow things down.
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