{"id":787,"slug":"are-twolegend-s-wallet-and-payment-services-registered-as-a-virtual-asset-service-provider-in-korea","question":"Are TwoLegend's wallet and payment services registered as a virtual asset service provider in Korea?","intent":"informational","language":"en","url":"https://worldwiki.io/q/are-twolegend-s-wallet-and-payment-services-registered-as-a-virtual-asset-service-provider-in-korea","entity":{"slug":"twolegend","name":"TwoLegend","url":"https://worldwiki.io/entity/twolegend"},"answer":{"short_answer":"No public record of KoFIU registration for TwoLegend was found in this review. Korean law requires virtual asset service providers that serve Korean users to register with the Korea Financial Intelligence Unit. Operating without registration can bring up to 5 years' imprisonment or a KRW 50 million fine. Before using the TWOLEGEND wallet, P2P trading, DeFi or TWOPAY services, check the FSC/KoFIU list of registered providers.","detailed_answer":"<p>The legal basis and penalties are set out in <span class=\"ref\">[10]</span>. The user-protection rules in force since 19 July 2024 are described in <span class=\"ref\">[11]</span>.</p>","format":"paragraph","confidence":75,"verified_at":"2026-09-18 07:10:23","updated_at":"2026-09-18 16:10:23"},"sources":[{"id":220,"title":"TWOLEGEND - Professional S/W Development Company (homepage)","url":"https://twolegend.com/","publisher":"TWOLEGEND","type":"official","accessed_at":"2026-09-19 18:00:06"},{"id":221,"title":"Services - TWOLEGEND","url":"https://twolegend.com/pages/services.php","publisher":"TWOLEGEND","type":"official","accessed_at":"2026-09-19 18:00:06"},{"id":222,"title":"Ecosystem - TWOLEGEND","url":"https://twolegend.com/pages/ecosystem.php","publisher":"TWOLEGEND","type":"official","accessed_at":"2026-09-19 18:00:06"},{"id":223,"title":"Projects - TWOLEGEND","url":"https://twolegend.com/pages/projects.php","publisher":"TWOLEGEND","type":"official","accessed_at":"2026-09-19 18:00:07"},{"id":224,"title":"Process - TWOLEGEND","url":"https://twolegend.com/pages/process.php","publisher":"TWOLEGEND","type":"official","accessed_at":"2026-09-19 18:00:07"},{"id":225,"title":"Partners - TWOLEGEND","url":"https://twolegend.com/pages/partners.php","publisher":"TWOLEGEND","type":"official","accessed_at":"2026-09-19 18:00:07"},{"id":226,"title":"TWOLEGEND Mainnet Explorer","url":"https://scan.twolegend.com","publisher":"TWOLEGEND","type":"official","accessed_at":"2026-09-19 18:00:07"},{"id":227,"title":"사업자등록번호 부여체계에 대해 궁금합니다 (Business registration number structure)","url":"https://www.110.go.kr/data/counselView.do?num=A01_659911&curPage=1&scType=&scText=&scIntt=&scCate1=&scCate2=","publisher":"Government Complaint Call Center 110 (Republic of Korea)","type":"government","accessed_at":"2026-09-19 18:00:07"},{"id":228,"title":"기업개황 - 전자공시시스템 (DART company overview)","url":"https://dart.fss.or.kr/dsae001/main.do","publisher":"Financial Supervisory Service (Korea)","type":"government","accessed_at":"2026-09-19 18:00:08"},{"id":229,"title":"KoFIU Cautions Virtual Asset Users against Unregistered Virtual Asset Service Providers","url":"https://www.fsc.go.kr/eng/pr010101/78319","publisher":"Financial Services Commission (Korea)","type":"government","accessed_at":"2026-09-19 18:00:08"},{"id":230,"title":"FSC Proposes Rules on the Protection of Virtual Asset Users","url":"https://www.fsc.go.kr/eng/pr010101/81217","publisher":"Financial Services Commission (Korea)","type":"government","accessed_at":"2026-09-19 18:00:08"}],"published_at":"2026-09-18 07:10:23"}