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Notice

Notice

General

Restrictions on Withdrawal to Korea Exchange Following the Implementation of FATF Travel Rule

2022-04-05

Dear Client,

 

With the FATF 'Travel Rule' in effect from March 25, 2022, significant withdrawals to cryptocurrency exchanges in Korea (Upbit, Bithumb, Coinone, Korbit, etc.) will be restricted.

 

  • When you withdraw to one of the Korean exchanges, the withdrawal may be returned according to the deposit and withdrawal policy of the other exchange.
  • Refused withdrawals may be subject to convoluted return procedures and may incur a return fee of 50 USDT per case.

 

WISEBITCOIN is in talks with the Korea Exchange to implement the FATF Travel Rule requirements, and we will inform you of the updates accordingly.

 

Thank you.