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Crypto

Thailand expands crypto travel rule, mandates verification for self-custody wallets

Thailand is introducing a travel rule covering self-custody wallets to strengthen anti-money laundering measures for cryptocurrencies. The key change requires verification of wallet ownership or control even for transactions involving personal wallets that do not go through regulated operators such as exchanges. The Thai SEC has finalised risk management rules for transfers and receipts of digital assets, which take effect on Feb. 27 next year, giving operators about six months to prepare systems.

Crypto

Thailand spells out crypto ETF rules, bitcoin and ethereum to be allowed first

Thailand has advanced plans to introduce spot cryptocurrency exchange-traded funds by releasing draft rules for local crypto ETFs and standards for overseas digital asset custodians. Initial approval would be limited to bitcoin and ethereum, allowing asset managers to launch passive ETFs tracking their prices. Each ETF would hold only one cryptocurrency and keep average net exposure at 80 percent or more. Trading would be done only through the Thai SEC, and feedback is open until Sept. 20.