Thailand Passes Crypto Travel Rule, Requires Self-Custody Wallet Verification

Thailand's move to enforce the Travel Rule on self-custody wallets marks a significant regulatory tightening, as it directly targets the anonymity that decentralized wallets offer. This affects both local exchanges and users, who must now prove ownership for transfers, potentially increasing friction for legitimate users while aiming to curb illicit flows. The alignment with FATF standards signals a broader regional trend, making it worth watching whether other jurisdictions adopt similar verification demands, which could reshape how self-custody interacts with regulated entities.