Global digital asset trading platform CrypFine has successfully completed the Travel Rule protocol integration and related compliance review with Coinone, a leading digital asset exchange in South Korea. According to an official announcement released by Coinone, the newly added support officially took effect at 14:00 KST on July 20, 2026. This integration further enhances asset transfer capabilities between CrypFine and regulated virtual asset service providers in South Korea, marking another step forward in CrypFine's compliance infrastructure development in the Korean market.
From the effective date, when Coinone users withdraw virtual assets worth KRW 1 million or more to CrypFine, they can complete the required identity and transfer information verification through the CODE Travel Rule system, without separately registering an external wallet withdrawal address or applying for whitelist approval. The Travel Rule is an important part of the anti-money laundering framework for the virtual asset industry, and after CrypFine's inclusion in Coinone's CODE Travel Rule support scope, the two platforms can verify relevant identity and transaction information through the CODE system, providing users with a smoother digital asset transfer experience.
South Korea is one of the more mature markets globally in terms of digital asset regulation, with clear requirements for customer identity verification, anti-money laundering management and cross-platform asset transfers by virtual asset service providers. CrypFine's addition to Coinone's CODE Travel Rule support scope represents a new milestone in the platform's efforts to build a compliant virtual asset network in South Korea. The integration further strengthens CrypFine's connectivity with the local Korean digital asset ecosystem and reflects the platform's commitment to expanding its compliant cooperation network in the region.
CrypFine has established a dedicated 10 million USDT risk protection fund to strengthen user asset security. According to Kim, a representative of CrypFine, the platform will continue to strengthen cooperation with compliant virtual asset service providers, Travel Rule infrastructure providers and compliance technology institutions in South Korea and around the world. The platform will also continue to enhance its KYC, AML, on-chain transaction monitoring and cross-platform asset transfer capabilities, providing global users with safer, more stable, transparent and efficient digital asset services.
