<p>South Korean cryptocurrency exchange Foblgate will allow users to register the external digital wallets D’CENT and Trust on their accounts, offering more options for managing and trading crypto assets, according to local news site <a href="https://www.etoday.co.kr/news/view/2313206" rel="noopener noreferrer nofollow">Etoday</a> on Tuesday (KST).</p><p>D’CENT is a hardware wallet that safeguards users’ assets through a robust security system employing biometric technology, encrypted storage, firmware authentication and security certification. It supports some 3,000 cryptocurrencies and allows users to create up to 80 addresses in a single wallet. Trust, on the other hand, is a one-stop Web3 wallet where holders can trade and swap crypto, earn rewards, manage NFTs and enjoy various decentralized applications (dApps). Like D’CENT, it is known for securing customer assets and privacy.</p><p>“By providing support for external wallets, we are striving to enhance user convenience, respond to various demands and create a safe and convenient trading environment on Foblgate,” Ahn Hyun-jun, CEO of Foblgate, emphasized.</p><h2 id="header-0">Travel Rule requirements</h2><p>As per the Travel Rule under Korea’s Act on Reporting and Using Specified Financial Transaction Information, any user who wants to transfer cryptocurrencies worth more than KRW 1 million (approximately $775) via a personal wallet must register that wallet beforehand. The Travel Rule refers to the Financial Action Task Force’s (FATF) Recommendation #16, which outlines that VASPs must share certain personal information about customers — including names and account numbers — when facilitating crypto transactions that exceed a certain amount. This is aimed at preventing money laundering and other illicit activities.</p><h2 id="header-1">Expanded options</h2><p>Foblgate currently supports several other external wallets as well, including MetaMask, Blockchain.com, MyEtherWallet, Klip and Burrito Wallet, which was <a href="https://medium.com/&#64;coinness.gl/foblgate-adds-bithumb-burrito-wallet-as-newest-registrable-external-wallet-9b1dbd894723" rel="noopener noreferrer nofollow">added at the end of last month</a>. The two newest additions, D’CENT and Trust, bring the total number of supported wallets to seven. The exchange has also uploaded a guide on its website on how to add external wallets.</p>

Foblgate adds D’CENT and Trust as supported external wallets

Table of Contents

CoinNess Global

Other articles published on Dec 19, 2023

Top Cryptocurrencies to Buy in 2024 For Potential 30x Returns

Coinbase vs SEC Final Showdown: What to Expect on January 17th?

What’s Helium Mobile And Why Is It Exploding To Over 800%?

Indonesian Vice Presidential candidate pledges support for blockchain and crypto talent development

Ripple President Foresees End to “Speculative Hype Cycles” in 2024

Philippines couldn’t become friends with China – and it really did try

Join our free newsletter for daily crypto updates!