Australian Crypto Exchanges Must Collect Transfer Details Under New Travel Rule

Australia's crypto travel rule comes into effect on July 1, requiring exchanges to collect and verify transfer details for users who send or receive digital assets through regulated platforms.

The new rule affects virtual asset service providers with a link to Australia, including those offering cryptocurrency-to-fiat exchange, cryptocurrency-to-crypto exchange, safekeeping services, and transfer services.

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.