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Australia Rolls Out Travel Rule for All Crypto Transfers

Australia Rolls Out Travel Rule for All Crypto Transfers

AUSTRAC will require exchanges to attach sender and recipient information to every transfer starting July 1. Self-custodial wallets will also face extra verification, in line with FATF standards and MiCA.

Bitcoin is the first and largest cryptocurrency in the world.

Bitcoin was designed as digital money without a central party. The network uses blockchain technology and is often seen as a digital alternative to gold.