“AML/CTF regulations and Financial Action Task Force guidelines need to strike a balance between appropriately managing risks, without implementing the travel rule in a way that undermines the operation of legitimate digital asset businesses,” the committee said in its report in relation to DAOs, referring to anti-money-laundering (AML) rules and countering terrorism financing (CFT). The travel rule refers to a requirement that virtual asset service providers such as crypto exchanges disclose information about their customers. The rule was established by the global Financial Action Task Force.
Australian Senate Committee Calls for New Rules for Crypto
