HashKey Exchange, an Asia-based digital asset investment firm, notified the user that it will formally introduce the Travel Rule on January 1, 2024, 0:00 UTC+8, in compliance with Hong Kong legislative regulations.
As a result, the deposit and withdrawal procedures between its platform and other exchanges will be modified. The notice also stated, “ Deposits and withdrawals from wallet addresses are not affected by this adjustment. This adjustment only applies to third-party exchanges.”
The letter states that deposits of virtual assets will only be accepted from Binance Global, that clients who have the same name account will have their verification process expedited, and that no documentation of verification is needed.
At this time, deposits made on other exchanges are not accepted. The list of exchanges that HashKey supports will be progressively increased on its platform.
The company also mentioned that only withdrawals to Binance are accepted, and the whitelisting procedure is the same as now. There is no need to carry out revalidation for addresses that were previously whitelisted on Binance.
Starting on January 1, 2024, the user’s individual third-party exchange deposit and withdrawal policies adhere to the new rules.
Also Read: HashKey Credits Token Incentives for Surging Trading Volumes
