The Securities and Exchange Commission (SEC) of Thailand is considering introducing new measures to regulate the cryptocurrency sector.

Travel Rule and Identification

The proposed new regulations include the implementation of the "Travel Rule", a set of international recommendations aimed at preventing money laundering and terrorist financing by tracking virtual currency transactions. At the same time, stricter controls on the identity of users operating with cryptocurrencies are expected.

Risk Management and Data Retention

Companies in the sector would be required to adopt stricter risk management policies and retain information relating to transactions and customer identity for a minimum period of five years. These measures aim to ensure greater transparency and accountability in the Thai cryptocurrency market. The goal is to align with international standards and protect investors from potential risks.