Crypto Exchanges
By Steven Anderson
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What Exchanges Actually Have to Do. Compliance here isn't a checkbox exercise. Exchanges will need to overhaul their…
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Why P2P and Self-Hosted Wallets. It's worth asking why the SEC zeroed in on these two areas specifically.
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Market Watching Closely. The broader crypto industry across Southeast Asia is watching Thailand's move carefully.
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Thailand just got serious about crypto oversight. The country's Securities and Exchange Commission rolled out strict new rules targeting peer-to-peer transfers and self-hosted…
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The core requirement is pretty straightforward, even if the execution won't be: crypto exchanges operating in Thailand must now verify the identities of both the sender and the…
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Compliance here isn't a checkbox exercise. Exchanges will need to overhaul their know-your-customer systems, and that's not a small lift.
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Industry stakeholders have already flagged concerns. The technical adjustments alone are significant, and the operational costs of building out more robust KYC pipelines are real.
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And the penalty question is still wide open. The SEC hasn't disclosed what non-compliance actually looks like in practice — no fine structure, no license revocation framework,…
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It's worth asking why the SEC zeroed in on these two areas specifically. P2P transfers and self-hosted wallets have historically been the hardest parts of the crypto ecosystem to…
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See also: Thailands New Travel Rule Forces Crypto Operators to Verify Self-Custodial Wallets
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Thailand's crypto market has grown fast. Faster than the regulatory infrastructure around it, probably.
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The FATF alignment angle matters here too. Countries that don't meet FATF standards risk being placed on watchlists that can complicate their access to international banking and…
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The broader crypto industry across Southeast Asia is watching Thailand's move carefully. Regulatory approaches to P2P and self-hosted wallets vary wildly across the region — some…
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For exchanges already operating in Thailand, the immediate priority is figuring out what "promptly" actually means in practice. The SEC used that word. It's vague.
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See also: Grayscale, a16z, and CCI Demand SEC Reconsider Broad ETF Rules Now
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