Crypto Regulation: AUSTRAC Warns Exchanges

AUSTRAC Mandates User Data Collection by Crypto Exchanges

• AUSTRAC requires peer-to-peer cryptocurrency exchanges to capture user information.
• The new regulation takes effect on March 31, 2026.
• Virtual assets service providers, including custody service providers, are affected.
• The aim is to enhance monitoring of suspicious transactions.

Starting March 31, 2026, AUSTRAC will require peer-to-peer cryptocurrency exchanges and custody service providers to collect user information to improve transaction monitoring. This move aims to tighten oversight and ensure compliance with financial regulations.