TechFlow news, June 30, according to Cointelegraph, Australia will officially implement the crypto "Travel Rule" starting in July. At that time, when users conduct deposits and withdrawals on locally regulated crypto exchanges, they need to provide the name and platform information of the payee or payer; when transferring to self-custody wallets, they also need to confirm address ownership. This rule is enforced by the Australian Transaction Reports and Analysis Centre, applies to transfers of all amounts, and aims to strengthen transaction traceability to prevent money laundering, terrorist financing, and fraud activities. Platforms such as Kraken and CoinJar have already begun to implement the relevant requirements in advance.
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