2024

Open Platform

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<h4><strong>Telegram wallet users in the UK might have noticed that the wallet feature is unavailable. This came after one of the most popular third-party services, the Wallet service, integrated with <a href="https://www.altcoinbuzz.io/?s=telegram" target="_blank" rel="noopener noreferrer nofollow">Telegram</a>. Read on to get the details.</strong></h4>
<p>The Telegram wallet service is also authorized under the FCA register to provide crypto asset services.</p>
<h5><strong>Why is the Wallet Blocked?</strong></h5>
<p>The Telegram Wallet provider has joined an Open Platform and is working on getting the necessary license to operate under UK laws. Until they get these licenses, they’ve turned off the in-app Wallet feature for UK residents. But don’t worry—you can still withdraw funds to an external wallet without any fees during this period.</p>
<p><img fetchpriority="high" decoding="async" class="wp-image-151830 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/09/xvcvbcghhgj-300x218.png" alt="" width="623" height="453" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/09/xvcvbcghhgj-300x218.png 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/09/xvcvbcghhgj-324x235.png 324w, https://www.altcoinbuzz.io/wp-content/uploads/2024/09/xvcvbcghhgj.png 491w" sizes="(max-width: 623px) 100vw, 623px"></p>
<h6 style="text-align: center;"><strong>Source: <a href="https://t.me/wallet_status/6" target="_blank" rel="noopener noreferrer nofollow">Telegram</a></strong></h6>
<h5><strong>What Happens Next?</strong></h5>
<p>While turning off the Wallet feature, Telegram promises to keep users updated. Once they’ve registered as a corporate asset provider, the wallet will be back up and running for UK users. Telegram is not involved in running the wallet. This decision has nothing to do with the holding company and does not affect any activity related to Telegrams’ founder, Pavel Durov.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f389.png" alt="🎉" class="wp-smiley" style="height: 1em; max-height: 1em;"> Telegram has reached 10 million paid subscribers. 10 million people are now enjoying Telegram Premium!</p>
 <p><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f195.png" alt="🆕" class="wp-smiley" style="height: 1em; max-height: 1em;"> Today, we’re introducing new features while phasing out a few outdated ones.</p>
 <p><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26d4.png" alt="⛔" class="wp-smiley" style="height: 1em; max-height: 1em;"> We’ve removed the People Nearby feature, which was used by less than 0.1% of Telegram…</p>
 <p>— Pavel Durov (@durov) <a href="https://twitter.com/durov/status/1832054680899215647?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 6, 2024</a></p>
</blockquote>
<h5><strong>Changes to Telegram’s Policies</strong></h5>
<p>Telegram has undergone some changes recently. Your data will be available to law enforcement in case you make a valid request to Telegram. This information includes phone numbers and IP addresses.<br> <a href="https://www.altcoinbuzz.io/?s=durov" target="_blank" rel="noopener noreferrer nofollow">Durov</a> said this step helps to prevent criminals from using the platform and makes Telegram safe for its more than 500 million users. He explained that Telegram is for communication and finding news, not for unlawful acts.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2764.png" alt="❤" class="wp-smiley" style="height: 1em; max-height: 1em;"> Thanks everyone for your support and love!</p>
 <p>Last month I got interviewed by police for 4 days after arriving in Paris. I was told I may be personally responsible for other people’s illegal use of Telegram, because the French authorities didn’t receive responses from Telegram.…</p>
 <p>— Pavel Durov (@durov) <a href="https://twitter.com/durov/status/1831984752359813503?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 6, 2024</a></p>
</blockquote>
<h5><strong>Other Changes in the App</strong></h5>
<p>Telegram is also turning off the personal geolocation feature, which a “Businesses Nearby” option will now replace. Additionally, they’ve dropped support for the Telegraph blogging tool, citing that a tiny percentage of users were misusing it to spread harmful material.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1ec-1f1e7.png" alt="🇬🇧" class="wp-smiley" style="height: 1em; max-height: 1em;">Telegram app’s wallet will be temporarily restricted for users in the UK due to lack of proper FCA regulatory licenses. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/o1zNT8ggQA" rel="noopener noreferrer nofollow">pic.twitter.com/o1zNT8ggQA</a></p>
 <p>— Crypto Crib (@Crypto_Crib_) <a href="https://twitter.com/Crypto_Crib_/status/1839197029274185771?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 26, 2024</a></p>
</blockquote>
<h5><strong>Conclusion</strong></h5>
<p>If you are a Telegram wallet user based in the UK and struggling with Telegram’s temporary downtime on its Wallet feature, know that it is about the company’s adherence to regulations in the UK. The wallet provider’s development team is still seeking permission; in the meantime, you can freely transfer your funds. Aware of the situation, Telegram, too, has been working and stays committed to its users’ safety.</p>
<p>&nbsp;</p>
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<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/telegram-wallet-temporarily-blocked-for-uk-users-amid-restructuring/" rel="noopener noreferrer nofollow">Telegram wallet temporarily blocked for UK users amid restructuring</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Telegram wallet temporarily blocked for UK users amid restructuring

Altcoin Buzz

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