Bithumb updates VASP system to integrate CODE Travel Rule solution

South Korean crypto exchange Bithumb said it has completed an update to its Virtual Asset Service Provider, or VASP, system and integrated the CODE Travel Rule solution, according to an announcement cited by Techub News. The exchange said the change is intended to strengthen its compliance capabilities for anti-money laundering and counter-terrorist financing rules. Under the Travel Rule, VASPs are required to share information on both sides of a virtual asset transfer. Bithumb said the system update will help it process transactions that meet regulatory requirements more efficiently. The report also noted that CODE is one of the solutions recognized by the Korea Financial Intelligence Unit, or KoFIU. The announcement centers on compliance infrastructure rather than a product launch or token-related change, and frames the update as part of Bithumb’s handling of regulated virtual asset transfers in South Korea.