Originally published on: September 25, 2024
In a recent announcement, Wallet in Telegram revealed that it will be temporarily blocked for users in the United Kingdom. This change comes as Wallet in Telegram underwent a restructuring and joined the Open Platform. The wallet service will only be available again once the entity registers as a corporate asset provider, as per the wallet provider’s announcement on Sept. 25.
It is important to note that Wallet in Telegram is not an official Telegram product and is operated by a separate entity. The decision to register as a crypto asset provider under the Financial Conduct Authority (FCA) regulations has led to the temporary disabling of in-app wallet features for UK residents.
During this period, UK users of Wallet in Telegram can withdraw funds to external wallets without incurring any fees. Regular updates regarding user accounts will be provided to keep customers informed.
This move by Wallet in Telegram is completely unrelated to the recent policy changes affecting Telegram, including the sharing of user data with law enforcement in response to legal requests. The decision to disable the personal geolocation feature and drop support for the “Telegraph” blogging tool also serves to protect users from potential misuse by a small minority of malicious actors.
As the situation evolves, Wallet in Telegram remains committed to providing a seamless and secure user experience. Stay tuned for further updates on the reactivation of wallet features for UK users and other developments in the Telegram ecosystem.
