Telegram Wallet Temporarily Blocks UK Users Amid Restructuring

The post Telegram Wallet Temporarily Blocks UK Users Amid Restructuring appeared first on Coinpedia Fintech News

The Wallet in the Telegram app has temporarily restricted access for UK users due to its restructuring to comply with Financial Conduct Authority (FCA) regulations. The wallet, operated by a separate entity, is transitioning to register as a crypto asset provider, leading to the suspension of in-app wallet features until regulatory licenses are obtained. UK users can withdraw funds to external wallets without fees during this period. This change follows Telegram’s broader policy updates, including plans to share user data with law enforcement and adjust its features for enhanced safety and compliance.