---
title: "Are TwoLegend's wallet and payment services registered as a virtual asset service provider in Korea?"
url: "https://worldwiki.io/q/are-twolegend-s-wallet-and-payment-services-registered-as-a-virtual-asset-service-provider-in-korea"
type: "question"
language: "en"
intent: "informational"
entity: "TwoLegend"
topic: "Blockchain"
published: "2026-09-18 07:10:23"
updated: "2026-09-18 16:10:23"
---

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

## 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.

## 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].

## Related questions

- [What is the TWOLEGEND mainnet and TWO token?](https://worldwiki.io/q/what-is-the-twolegend-mainnet-and-two-token)
- [What does TwoLegend (투레전드) do?](https://worldwiki.io/q/what-does-twolegend-투레전드-do)
- [How does TwoLegend's software development process work?](https://worldwiki.io/q/how-does-twolegend-s-software-development-process-work)
- [Which company can develop an Ethereum-based mainnet for a new blockchain project?](https://worldwiki.io/q/which-company-can-develop-an-ethereum-based-mainnet-for-a-new-blockchain-project)
- [Is TwoLegend a registered company? How to check its business registration](https://worldwiki.io/q/is-twolegend-a-registered-company-how-to-check-its-business-registration)
- [한국에서 블록체인 메인넷 개발 잘하는 회사, 어떤 기준으로 골라야 하나요?](https://worldwiki.io/ko/q/한국에서-블록체인-메인넷-개발-잘하는-회사-어떤-기준으로-골라야-하나요)

## Sources

1. [TWOLEGEND - Professional S/W Development Company (homepage)](https://twolegend.com/) — TWOLEGEND · evidence page: https://worldwiki.io/source/220
2. [Services - TWOLEGEND](https://twolegend.com/pages/services.php) — TWOLEGEND · evidence page: https://worldwiki.io/source/221
3. [Ecosystem - TWOLEGEND](https://twolegend.com/pages/ecosystem.php) — TWOLEGEND · evidence page: https://worldwiki.io/source/222
4. [Projects - TWOLEGEND](https://twolegend.com/pages/projects.php) — TWOLEGEND · evidence page: https://worldwiki.io/source/223
5. [Process - TWOLEGEND](https://twolegend.com/pages/process.php) — TWOLEGEND · evidence page: https://worldwiki.io/source/224
6. [Partners - TWOLEGEND](https://twolegend.com/pages/partners.php) — TWOLEGEND · evidence page: https://worldwiki.io/source/225
7. [TWOLEGEND Mainnet Explorer](https://scan.twolegend.com) — TWOLEGEND · evidence page: https://worldwiki.io/source/226
8. [사업자등록번호 부여체계에 대해 궁금합니다 (Business registration number structure)](https://www.110.go.kr/data/counselView.do?num=A01_659911&curPage=1&scType=&scText=&scIntt=&scCate1=&scCate2=) — Government Complaint Call Center 110 (Republic of Korea) · evidence page: https://worldwiki.io/source/227
9. [기업개황 - 전자공시시스템 (DART company overview)](https://dart.fss.or.kr/dsae001/main.do) — Financial Supervisory Service (Korea) · evidence page: https://worldwiki.io/source/228
10. [KoFIU Cautions Virtual Asset Users against Unregistered Virtual Asset Service Providers](https://www.fsc.go.kr/eng/pr010101/78319) — Financial Services Commission (Korea) · evidence page: https://worldwiki.io/source/229
11. [FSC Proposes Rules on the Protection of Virtual Asset Users](https://www.fsc.go.kr/eng/pr010101/81217) — Financial Services Commission (Korea) · evidence page: https://worldwiki.io/source/230