Telegram will temporarily restrict its wallet features for UK users as part of a corporate restructuring. The company plans to register as a crypto asset provider under the Financial Conduct Authority (FCA) and will disable wallet functions until obtaining the necessary licenses. During this period, UK users can withdraw funds to external wallets without fees.
Additionally, Telegram announced new policies, including sharing user data with law enforcement upon valid legal requests. This has sparked concerns over privacy, though founder Pavel Durov stated the measures aim to deter criminal activity. Telegram also removed its "Telegraph" blogging tool due to misuse by a small minority of users and replaced its geolocation feature with a "businesses nearby" option.
