Method and apparatus for identifying wallets associated with virtual asset service providers

A method for identifying a wallet address associated with a virtual asset service provider performed on a wallet address identification device having a hardware processor, the method comprising:

• obtaining, by a transaction information management unit, a transaction of a virtual asset corresponding to the target wallet address;
• obtaining, by a wallet address identification device, a list of a plurality of known wallet addresses of virtual asset service providers (VASPs);
• identifying, by the wallet address identification device, a type of the target wallet address based on the transaction and the list of known wallet addresses of the VASPs;
• transmitting, by the wallet address identification device, to the wallet address inquiry device, the type of the target wallet address and the associated VASP information;
• determining, by the wallet address identification device, that a wallet information database or a service provider information database does not have information on the target wallet address;
• and
• based on a determination, by the wallet address identification device, that the wallet information database or the service provider information database does not have the information on the target wallet address, adding the information on the target wallet address and the type of the target wallet address to the wallet information database or the service provider information database.