Telegram Wallet Restricted for UK Users Amid Corporate Changes

Telegram Wallet Temporarily Restricted in the UK

According to Cointelegraph, Telegram Wallet will experience a temporary restriction for users in the United Kingdom due to corporate restructuring. The popular messaging app announced on September 25 that the wallet feature will be available again once the company registers as a corporate asset provider under the Financial Conduct Authority (FCA) regulations.

Impact on UK Users

Until the registration process is completed, in-app wallet features for UK residents will be disabled. However, UK users retain the ability to withdraw funds to external wallets without incurring any fees during this period. Telegram has assured users that updates regarding their accounts will be provided in a timely manner.

Major Policy Changes Following Founder’s Arrest

Following the recent arrest of Telegram's founder, Pavel Durov, the company has announced significant policy changes that will affect user privacy. One of the major changes is that Telegram will now share user data with law enforcement agencies upon valid legal requests. This data includes sensitive information such as telephone numbers and IP addresses.

Concerns About User Privacy

This policy shift has raised concerns among privacy advocates and anti-censorship groups about the potential misuse of user data by state actors. Durov defended this decision, stating that it was implemented to protect users from criminal activities and to maintain the integrity of the platform.

Changes to Features and Tools

In addition to the wallet restrictions and policy updates, Telegram has revealed further changes to its services. Starting September 2024, the platform will disable the personal geolocation feature. This will be replaced with a 'businesses nearby' option, providing users with safer alternatives for locating nearby services.

Discontinuation of the Telegraph Tool

Furthermore, the company has discontinued support for its 'Telegraph' blogging tool. This decision was made in response to the misuse of the tool by a minority of malicious actors, who took advantage of it to spread illicit material. Durov acknowledged that while most Telegram users utilized the blogging feature responsibly, the actions of a few posed a considerable risk to the broader community.

Conclusion

As Telegram navigates these challenging times marked by regulatory changes and a focus on user safety, it remains committed to maintaining its platform's integrity while addressing user concerns about privacy and security. Users are encouraged to stay updated on the latest developments by following official announcements.