The Travel Rule is Implemented by HashKey Exchange for Compliance
In accordance with Hong Kong congressional requirements, HashKey Exchange, an Asia-based electronic asset investment firm, informed the user that the Travel Rule would be fully implemented on January 1, 2024, at 0:00 UTC+8.
As a result, its platform’s deposit and withdrawal treatments may change in comparison to those of other exchanges. Deposits and withdrawals from bag names are not impacted by this adjustment, the see added. This modification only applies to third-party transactions.
According to the text, clients with the same name account may have their confirmation process expedited and there is no need for verification documentation. Deposits of digital assets will only be accepted from Binance Global.
Payments made on various exchanges are not currently accepted. On its software, the listing of markets that HashKey supports may be gradually expanded.
The business added that the updating process is still in place and that only transactions to Binance are accepted. Addresses that have already been whitelisted on Binance do not require verification.
The user’s specific third-party exchange deposit and withdrawal policies become compliant with the new regulations as of January 1, 2024.
Read HashKey Credits Token Incentives for Surging Buying Levels as well.