1 day ago
Troy Hunt, creator of Have I Been Pwned, announced that the measurement would apt travel the tightening of Australia’s cryptocurrency oversight requirements. Hunt stressed that this level of compliance was intolerable to fulfill, particularly erstwhile applied to tiny donations.
Published: Jul 20, 2026, 1:30 AM
Key Takeaways
- Troy Hunt plans to driblet crypto donations due to the fact that strict Travel Rule laws marque tiny tips impossible.
- Coinbase required extended sender information for a $6 donation, disrupting anonymous peer-to-peer funding.
- AUSTRAC enforced Travel Rule mandates connected July 1, tightening KYC oversight for virtual plus providers.
Have I Been Pwned Security Project To Drop Crypto Donations
While the tightening of oversight for cryptocurrency transactions is making it hard for criminals to usage integer assets for illicit purposes, it is besides affecting usage cases wherever recognition is not practical.
Troy Hunt, creator of the Have I Been Pwned website, which allows users to find retired whether their emails person been portion of information breaches to verify if their accusation is astatine stake, announced that helium volition apt driblet crypto donations owed to the enforcement of Travel Rule compliance.
On societal media, Hunt complained aft being prompted by Coinbase to supply the accusation from a donation made by an unidentified 3rd enactment owed to caller Australian regulations.
“I deliberation I tin region the crypto addresses from haveibeenpwned’s donation page. This is an intolerable request from the Aus gov, looks similar backmost to PayPal only.” Hunt declared.
Coinbase stated that “new Australian regulations necessitate accusation astir the sender erstwhile you person crypto extracurricular Coinbase.” To redeem these funds, Hunt indispensable supply the afloat name, state of residence, ID number, location address, and day of commencement of the sender to redeem these funds.
Hunt was recommended to usage self-hosted wallets to proceed to person these donations oregon to determination the institution to a much crypto-friendly jurisdiction. “That’s the 2nd crypto donation I’ve had this twelvemonth and it’s astir 6 bucks truthful no, trying to determination the full circus idiosyncratic other doesn’t marque sense. And everyplace is tightening KYC requirements,” helium answered.
ASUTRAC, the Australian government’s fiscal quality bureau and anti-money laundering and counter-terrorism financing (AML/CTF) regulator, started enforcing question regularisation requirements for Virtual Asset Service Providers (VASPs) connected July 1.
Nonetheless, according to 21 Analytics, if the wallet is self-hosted, “there is nary work to transmit Travel Rule information, but accusation postulation and verification obligations inactive apply.”
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