HashKey Exchange, a Hong Kong-based digital asset exchange compliant with the SFC regulations, has announced that it will support 24 crypto exchanges, including Binance, Coinbase, Bitfinex, Gemini, Bitstamp, and others. The new policy will take effect from Jan 1, 2024, allowing users to make crypto deposits of less than 8,000 HKD from the approved platforms.
The move is part of HashKey’s efforts to meet the regulatory requirements of the Travel Rule, which mandates crypto exchanges to share customer information for transactions above a certain threshold.
HashKey has published the guidelines for third-party deposits on its platform, which specify the conditions and procedures for such deposits.
How To Make Third-Party Deposits On HashKey Exchange
Users must only use the website’s designated crypto exchanges (all 24 are on HashKey) and may make single deposits of less than 8,000 HKD to their wallets. But for single deposits over 8,000 HKD, the only option is Binance. Users must also present evidence of their first-time deposit address from the platform.
Also, when users transfer money from their wallets, they must observe the signing message instructions given by HashKey. He said that the wallet’s withdrawal address must match to be added to your allowlist. Otherwise, HashKey will issue a warning and not add it. Hence, users should use a small amount to test when they authenticate.
According to HashKey Exchange, whether or not the site accepts deposits is up to them alone, and it has no responsibility for problems at third-party exchanges.
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The author’s views are for reference only and shall not constitute any investment advice. Please ensure you fully understand and assess the products and associated risks before purchasing.
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