Thailand tightens digital asset regulation: implements Travel Rule requiring identity verification and establishes a national data bureau

【Blockchain Rhythm】The Thai government has recently launched a crackdown on illegal fund flows, implementing several strict regulatory measures in the digital asset sector.

According to the latest developments, Thai authorities will fully enforce the “Travel Rule,” which means all wallet transfer transactions must clearly specify the sender’s and receiver’s identity information. The core purpose of this rule is to break the anonymity shell in crypto transactions, enhancing transparency and traceability across the market.

At the same time, Thailand will establish a national-level data agency as a centralized financial data hub. This data agency can monitor abnormal transaction patterns in real-time, providing strong technical support for regulators. In other words, any suspicious fund movements will be easier to identify and track.

These policy adjustments reflect the increasing emphasis of global regulators on digital asset risk management. For institutions and individuals engaged in crypto business in Thailand, these regulations will directly impact daily operations, especially as cross-border transaction processes will face more compliance requirements.