Australia to implement crypto Travel Rule from July 1

Australia is set to fully implement the crypto Travel Rule starting July 1, Cointelegraph reported. Under the new regulations, users of regulated crypto exchanges in the country will be required to submit additional information for all deposit and withdrawal transactions, regardless of the amount. This approach is similar to that of countries like France, the Netherlands, and Japan, which have no minimum transaction threshold. In contrast, the U.S. only requires information collection for transactions exceeding $3,000.