FIRO, GRS restrictions for Korean users
Published in
Apr 13, 2021
Dear Dove Wallet customers,
As Korean government’s new crypto rules went into effect after March 25th, we want to provide advance guidance on policy changes to FIRO, GRS in Dove Wallet since new rules prohibit virtual asset service providers to handle the coins that present a high money laundering risk, namely privacy coins or dark coins.
As a result, Dove Wallet would inevitably cease its support for FIRO, GRS on Dove Wallet for South Korean users. After May 31st 2021, Dove Wallet will enforce deposit/withdrawal restrictions on FIRO & GRS; we highly recommend that Korean users withdraw or dispose of any relevant privacy coins soon to avoid any inconvenience it may cause.
Thank you.
