New guidance on privacy coin policy for Korean users

Dear Dove Wallet customers,
We want to provide advance guidance on policy changes to privacy coin (or dark coin) in Dove Wallet, such as DASH, ZEC after a recent proposal of new rules under the revised Act on Reporting and Using Specified Financial Transaction Information by Korea’s Financial Services Commission(FSC).

According to the announcement from FSC on new rules on AML requirements on virtual assets, virtual asset service providers will no longer be able 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 trading support for DASH, ZEC on Dove Wallet for South Korean users.
From January 1, 2021, Dove Wallet will enforce deposit/withdrawal restrictions on DASH & ZEC; we highly recommend that Korean users withdraw or dispose of any relevant privacy coins soon.
We will keep you updated on additional measures related to the privacy coin policy.

Thank you.