Will Australia Support the Crypto Travel Regulation?

Increased transparency of the identity and location of cryptocurrency payments

Ms Rose responded to Labor Senator Raff Ciccone’s question by saying that a travel rule would allow AUSTRAC to have more “sight” into the identities of both the payment and the payee in a bitcoin exchange. Ms Rose thinks that the “development of intelligence” will make it easier for AUSTRAC to identify and punish ransomware operators and other cyber criminals.

There is a global drive for a travel rule.

There is presently a global drive for countries to follow the Financial Action Task Force’s recommendations for regulating cryptocurrency and combating financial crime, which includes enacting the travel rule.

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Cult Today

Cult Today

CULT is Crypto Urban Libertarian Thought. Thousands of projects around the world are emerging to take back data from big corporates, bank the world’s poor and r