Overview
- The SEC published the Travel Rule framework and announced it publicly on Sept. 2, 2026, and the rule takes full effect on Feb. 27, 2027 after a 180‑day implementation window.
- Covered digital‑asset operators must verify ownership or control of self‑hosted wallets whenever transfers touch a licensed platform so platforms become enforcement points for peer‑to‑peer cash‑outs.
- Originating operators must send identifying originator and beneficiary information with each coin transfer to the receiving operator and receiving platforms must collect sender details before allowing outgoing moves.
- Platforms must keep transfer records for at least five years with immediate supervisory access for the first two years and apply counterparty due diligence and risk controls on intermediaries in transfer routes.
- The rule uses a 30,000‑baht threshold for expanded recipient data, excludes order‑book trades and Thai‑baht flows, and is coordinated with AMLO to align Thailand’s rules with FATF standards which may raise privacy, operational and compliance costs for firms and users.