Hong Kong’s HashKey Exchange restricts large third-party deposits except from Binance
Hong Kong’s HashKey Exchange says crypto deposits greater than $1,024 will only be allowed from Binance. In a blog announcement on Dec. 21, HashKey Exchange said it wants to meet regulatory requirements introduced by the Hong Kong Securities and Futures Commission (SFC), which is why the exchange will not accept crypto deposits from third-party exchanges except Binance. Those users who send more than 8,000HKD (around $1,024) would have to adhere to regulatory Travel Rule guidelines. “Currently, HashKey Exchange only accepts a single digital asset deposit of equal amounts greater than 8,000HKD from binance.com. Deposit from other third party exchanges are not able to accepted.” HashKey Exchange You might also like: Hong Kong’s HashKey unveils plans to launch ERC-20 utility token However, deposit s below 8,000HKD will be permitted from 24 designated crypto exchanges. Starting Jan. 1, 2024, deposit s of less than 8,000HKD will be accepted from the follow...