Australia’s crypto travel rule comes into force on July 1, adding new data checks for users who send or receive digital assets through regulated exchanges.
Summary
- Australia’s crypto travel rule starts July 1, adding new data checks for exchange transfers.
- Exchanges must collect sender, receiver and wallet details before processing covered virtual asset transfers.
- Self-custody remains allowed, but transfers touching regulated platforms will face more user checks.
AUSTRAC’s transitional rules say some obligations for new virtual asset services were deferred until July 1, including travel rule obligations for virtual asset transfers.
The change affects…
