> ## Documentation Index
> Fetch the complete documentation index at: https://www.argosidentity.com/blog/llms.txt
> Use this file to discover all available pages before exploring further.

# Dove Wallet is Now Official VASP in Korea

> ARGOS X Dove Wallet

[Customer Stories](https://www.argosidentity.com/blog/customer-stories.md) <time dateTime="2021-12-09">Dec 9, 2021</time> · ARGOS Identity![Dove Wallet is Now Official VASP in Korea](https://mintcdn.com/blog-argosidentity/H1dBuTJZAH2xb9KL/images/inblog/0b93572da29f5ba4.jpg?fit=max\&auto=format\&n=H1dBuTJZAH2xb9KL\&q=85\&s=05b50b302ae3efa197e227f9f8c1bcb6)## Dove Wallet, Qualified VASP in KoreaKorea Financial Intelligence Unit (KoFIU) has officially qualified Dove Wallet as virtual asset service provider(VASP) in Korea. With this, Dove Wallet acquired the status of virtual asset business. It will implement KYC(Know Your Customer) to comply with the Act on Reporting and Using Specified Financial Transaction Information.## Implementation of KYC(Know Your Customer)The Know Your Customer is a system that confirms the identity of the member (real name address and contact information), the purpose of the transaction, the source of the funds, and the actual owner so that transactions or services provided by financial institutions are not used for illegal activities such as money laundering. In accordance with Article 5-2 of the 「Act on the Reporting and Using Specified Financial Transaction Information and the Enforcement Decree of the same Act, as virtual asset service providers are included in financial companies, Dove Wallet will implement customer identity verification for all users.## Mandatory of KYCThe mandatory implementation of the customer identity verification system enables safe and transparent virtual asset transactions. In order to use Dove Wallet services, users must complete KYC mandatory.## ARGOS KYC, Specializing in Online Identity Verification SolutionDove Wallet is using a global online identity verification solution provided by ARGOS KYC which specializes in cryptocurrency KYC and AML services. ARGOS KYC supports global identity verification services based on ID databases from more than 200 countries around the world. We provide a safe and legal crypto financial service environment not only for domestic but also for overseas as Dove Wallet has global customers.If you have a smartphone device that can take ID and a selfie photo, you can verify identities anywhere at any time. ARGOS KYC can support financial companies and online platform companies that need to meet the compliance for anti-money laundering and combating the financing of terrorism obligations. ARGOS KYC is an online identity verification service provider that provides not only online identity verification(KYC) solution but also AML(Anti-Money Laundering) screening analysis.## Considering ARGOS?Talk to our team about identity verification, eKYC and AML for your service.Contact us

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