Dear Hotcoiners,
We are pleased to announce that Hotcoin has officially received approval for the Korea Travel Rule CodeVASP production environment. This milestone represents a significant step forward in Hotcoin’s global compliance strategy, asset security framework, and regulatory collaboration. It also further reinforces our long-term commitment to safeguarding user assets.
To ensure continued compliance with global Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) regulatory requirements, Hotcoin will implement process optimizations for Korean users and transfer services involving Korean Virtual Asset Service Providers (VASPs).
Key Highlights of This Upgrade:
- Compliance Milestone: Hotcoin has officially integrated with the CodeVASP system, enabling seamless interoperability with compliant Korean VASPs.
- Process Optimization: Deposit and withdrawal verification procedures under KYC requirements have been updated to ensure encrypted and secure transmission of required information.
- Applicable Scenarios:
Travel Rule compliance verification will be automatically triggered when:
- Your account is identified as a Korean user; or
- A single transfer that involves a Korean VASP is equal to or exceeds KRW 1,000,000.
To help you better understand the updated requirements and complete deposits and withdrawals smoothly, we have prepared a detailed step-by-step guide, including illustrated instructions for app-based deposits and withdrawals, as well as answers to frequently asked questions.
Hotcoin will continue to strengthen its compliance framework and deepen collaboration with regulatory partners worldwide, striving to provide a secure, reliable, and trustworthy digital asset trading environment.
Thank you for your continued trust and support.
Hotcoin Team
December 18, 2025
