Varuth HirunyathebDigital asset business operators are warning the newly proposed Travel Rule should not be overly restrictive or it could unintentionally undermine the open and decentralised nature of blockchain networks, stifling innovation. "While many countries are adopting the Travel Rule, the exact design varies widely across jurisdictions. Digital asset businesses would also be required to establish risk management measures related to both sending and receiving digital asset transfers in accordance with regulatory requirements. "The approach focuses on preventive supervision, aiming to reduce risks before damage occurs by raising regulatory standards for digital asset businesses," said Mrs Pornanong. The SEC is inviting feedback from industry participants and other stakeholders for the Travel Rule.

Source: Bangkok Post March 12, 2026 00:20 UTC