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.

Danal will work with virtual asset service provider Infinity Exchange Korea (INX) to build digital asset-based payment and settlement infrastructure including stablecoins. The companies signed an MOU to link Danal’s payment gateway and prepaid electronic payment infrastructure with INX’s VASP infrastructure and digital asset API solutions. They plan to roll out stablecoin payments for merchants, payments and remittances for visitors and students, and T+0 real-time settlement, while applying AML-related controls.