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Are TwoLegend's wallet and payment services registered as a virtual asset service provider in Korea?

Published Sep 18, 2026Updated Sep 19, 2026Last verified Sep 18, 2026Requests recorded in this site’s own server logs, with the crawler identity checked by reverse DNS or IP range.Google15First collected Sep 19, 2026Recent requestsGoogleSep 20, 2026GoogleSep 20, 2026GoogleSep 20, 2026GoogleSep 20, 2026GoogleSep 20, 2026GoogleSep 20, 2026GoogleSep 20, 2026GoogleSep 20, 2026GoogleSep 19, 2026GoogleSep 19, 2026GoogleSep 19, 2026GoogleSep 19, 2026
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Quick 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.

66 words11 sources

Answer

The legal basis and penalties are set out in [10]. The user-protection rules in force since 19 July 2024 are described in [11].

Sources

  1. officialTWOLEGEND - Professional S/W Development Company (homepage) — TWOLEGEND · accessed Sep 20, 2026 · Evidence page
  2. officialServices - TWOLEGEND — TWOLEGEND · accessed Sep 20, 2026 · Evidence page
  3. officialEcosystem - TWOLEGEND — TWOLEGEND · accessed Sep 20, 2026 · Evidence page
  4. officialProjects - TWOLEGEND — TWOLEGEND · accessed Sep 20, 2026 · Evidence page
  5. officialProcess - TWOLEGEND — TWOLEGEND · accessed Sep 20, 2026 · Evidence page
  6. officialPartners - TWOLEGEND — TWOLEGEND · accessed Sep 20, 2026 · Evidence page
  7. officialTWOLEGEND Mainnet Explorer — TWOLEGEND · accessed Sep 20, 2026 · Evidence page
  8. government사업자등록번호 부여체계에 대해 궁금합니다 (Business registration number structure) — Government Complaint Call Center 110 (Republic of Korea) · accessed Sep 20, 2026 · Evidence page
  9. government기업개황 - 전자공시시스템 (DART company overview) — Financial Supervisory Service (Korea) · accessed Sep 20, 2026 · Evidence page
  10. governmentKoFIU Cautions Virtual Asset Users against Unregistered Virtual Asset Service Providers — Financial Services Commission (Korea) · accessed Sep 20, 2026 · Evidence page
  11. governmentFSC Proposes Rules on the Protection of Virtual Asset Users — Financial Services Commission (Korea) · accessed Sep 20, 2026 · Evidence page