What compliance measures are needed for a non-custodial wallet?

Non-custodial wallets should implement KYC measures for users and ensure transaction monitoring to comply with regulations.

Are non-custodial wallets subject to AUSTRAC regulations?

Yes, non-custodial wallets may still be subject to AUSTRAC regulations depending on the services offered.

How can I protect user privacy while ensuring compliance?

Utilize privacy-preserving technologies while still implementing necessary compliance measures such as KYC and transaction monitoring.

AUSTRAC DCE · Non-Custodial Wallet

Australia Non-Custodial Wallet – Compliant Development

Launch a non-custodial wallet in Australia with compliance controls mapped to AUSTRAC / ASIC and AUSTRAC DCE. Block Intelligence builds production software; independent counsel handles licensing.

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Compliance scope

Australia · Non-Custodial Wallet

Australia requires AUSTRAC registration for digital currency exchanges with AML/CTF programs.

Jurisdiction	Australia
Regulator	AUSTRAC / ASIC
Product	Non-Custodial Wallet

Software

Built-in compliance controls

Self-custody key generation and secure backup flows
WalletConnect / chain signing with transaction simulation
Optional KYC-gated features for regulated on-ramps
Phishing protection and address allowlisting
Privacy-preserving analytics for product ops (not user PII)
Integrate KYC processes for user verification.
Implement AML monitoring systems to track transactions.
Ensure compliance logs are maintained for regulatory purposes.

View Non-Custodial Wallet service Related case study

Block Intelligence provides technology development and compliance-oriented software architecture. We are not a law firm. Licensing and regulatory advice is provided by independent legal partners in each jurisdiction. Information is current as of 2026-03-01 and subject to change.

FAQ

Frequently asked questions

What compliance measures are needed for a non-custodial wallet?: Non-custodial wallets should implement KYC measures for users and ensure transaction monitoring to comply with regulations.
Are non-custodial wallets subject to AUSTRAC regulations?: Yes, non-custodial wallets may still be subject to AUSTRAC regulations depending on the services offered.
How can I protect user privacy while ensuring compliance?: Utilize privacy-preserving technologies while still implementing necessary compliance measures such as KYC and transaction monitoring.