Seychelles, Seychelles, December 16th, 2024, Chainwire
On November 27, 2024, BYDFi announced its official membership in South Korea’s CODE VASP Alliance. The partnership includes successful integration with the Travel Rule compliance solution, ensuring adherence to South Korea’s regulatory standards for crypto transactions. CODE formally welcomed BYDFi’s participation at the same time as a post. This important moment reflects BYDFi’s great attention to compliance and determined action and marks the crypto industry’s gradual progress toward a more transparent, secure, and trustworthy future.
CODE VASP: A Core Force for Compliance in Korea
The CODE VASP, founded by Korea’s top three crypto exchanges, Bithumb, Coinone, and Korbit, is Korea’s only industry platform focused on “Travel Rules” compliance. The Alliance aims to provide technical support to Virtual Asset Service Providers (VASPs) to fully comply with the Global Travel Rules requirements set by the Financial
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