Do Australian crypto exchanges always need to send Travel Rule data to my personal hardware wallet?

No. AUSTRAC describes an exemption from transmitting Travel Rule information to a receiving institution for self-hosted-wallet transfers. Nevertheless, regulated services must still collect specified sender and payee information and conduct checks.

The answer

No. AUSTRAC describes an exemption from transmitting Travel Rule information to a receiving institution for self-hosted-wallet transfers. Nevertheless, regulated services must still collect specified sender and payee information and conduct checks.

What to do next

Distinguish information collection from information transmission; check the exchange’s exact form and the applicable current AUSTRAC rules.

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Related crypto questions

Frequently asked questions

Can the exchange still ask for the name of the wallet owner?

Yes. The self-hosted-wallet exemption does not remove the relevant information-collection obligations.

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