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Australia's crypto Travel Rule went live two weeks ago and most people found out when their withdrawal got held up. Here's what actually changed and how to make it painless moving forward.
Every transfer through a regulated exchange now needs sender and beneficiary details and there's no minimum amount, a $5 transfer gets the same treatment as a $50K one. Self custody is still completely legal, you just attest (sign a transaction) that the wallet is yours and you only supply the details once per counterparty.
The move: verify your own wallets on every exchange you use this week, while nothing else is urgent. The worst version of this rule is discovering it mid trade opportunity when you need funds moving fast. Ten minutes of admin now buys you speed and execution later.