BitcoinWorld

Australia Travel Rule Takes Effect July 1: Urgent Compliance Deadline for Crypto Firms

Australia’s Travel Rule officially takes effect on July 1, 2025. This new regulation mandates that all Virtual Asset Service Providers (VASPs) collect, verify, and share transaction information. The registration deadline for VASPs is July 29, 2025. Chainalysis confirmed the timeline in a recent report. This rule aligns Australia with global anti-money laundering (AML) standards set by the Financial Action Task Force (FATF).

What Is the Australia Travel Rule?

The Australia Travel Rule requires VASPs to transmit originator and beneficiary information during virtual asset transfers. This rule applies to transactions exceeding a certain…