Binance Australia to require user ID for all crypto transfers from July 1

Binance Australia announced that starting July 1, 2026, it will implement enhanced identity verification requirements for all cryptocurrency deposits and withdrawals. The move comes as Australia fully implements the Financial Action Task Force (FATF) Travel Rule regulations. Under the new policy, users must submit the real names, countries of residence, and addresses of both the sender and receiver, regardless of the transaction amount. Binance also warned that it may hold, delay, or return transactions if the required identity information is not confirmed. Market analysts suggest the measure could effectively end anonymous transfer structures within Australia's digital asset market.