Important Announcement About Travel Rule
Dear KuCoin TR Users,
The Travel Rule, as stipulated under FATF regulations, aims to enhance the traceability of financial transactions by ensuring that specific information about both the initiating party and the recipient is transmitted through a network of financial intermediaries, thereby ensuring enhanced oversight and transparency. In accordance with VASP regulations, starting February 24, the Travel Rule will be mandatory for deposit and withdrawal transactions on the KuCoin TR platform.
Details of the Implementation:
- All Transactions: Every transaction will be conducted in compliance with Travel Rule standards.
- Accuracy of Information: If the transaction details are incomplete or inaccurate, the transaction will not be processed; it will be either rejected or refunded.
- Example: Users making crypto deposits must completely fill in the sender's information on our platform. Otherwise, the deposited funds will not be credited to the user's account.
Important Considerations Prior to Implementation:
- Application Version: The current older version of our app does not support this new functionality. To complete your transactions, please choose one of the following options:
- Web Version: Complete your transactions via our website.
- Update: Upgrade your app to the latest version.
For any assistance, please contact our Customer Service, and follow our official Telegram and Twitter accounts.
Your security and the transparency of your transactions are our highest priorities. We appreciate your understanding and wish you safe and secure transactions.
Regards,
KuCoin TR Team