00:00 Speaker A

We got Thailand titans crypto rules with five-year data retention and self- custody wallet checks, right?

00:09 Speaker A

So what’s happening here is they’ve finalized their digital asset travel rule.

00:14 Speaker A

And so now regulated crypto businesses must collect information about senders and recipients, transmit that information with transfers, conduct due diligence on other service providers, retain transaction records for at least five years.

00:27 Speaker A

So, why does that matter? If you have a self- custody wallet and you actually want to off ramp or send the money to an exchange,

00:36 Speaker A

that exchange now has to identify you KYC every single…