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Australia's Cryptocurrency 'Travel Rule' to Take Effect in July

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According to Cointelegraph, on June 30, Australia's cryptocurrency 'Travel Rule' will come into effect on July 1 local time. All cryptocurrency exchanges regulated locally will require users to provide additional information when sending and receiving cryptocurrencies, such as the names of the sender and recipient, as well as the platform name. When transferring from a regulated cryptocurrency exchange to a personal address (such as a cold storage wallet), the system will also prompt users to verify and declare that they are the owner of that address.
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