Binance Australia has announced that starting July 1, 2026, all cryptocurrency deposits and withdrawals on its platform will require enhanced identity verification. The policy applies to every transaction, regardless of amount, effectively ending the ability to send or receive crypto anonymously through the exchange.

What the new rules require

Under the updated policy, users must provide the real names, countries of residence, and addresses of both the sender and the receiver for each transfer. Binance has stated that it may hold, delay, or return transactions if the required identity information cannot be confirmed. The move aligns with Australia’s full implementation of the Financial Action Task Force (FATF) Travel Rule, which…