Telegram Wallet enforces new KYC rules, switches provider
Before the KYC change, Telegram Wallet users did not have to provide any personal information to use the default version of the wallet.
Wallet, a third-party cryptocurrency wallet bot on Telegram messenger, is undergoing significant changes, such as imposing stricter Know Your Customer (KYC) rules and changing its service provider.
On May 29, Telegram’s Wallet informed users about several updates to its KYC system, requiring additional personal information to conduct certain transactions.
According to an update seen by Cointelegraph, Wallet users will have to disclose their name, phone number and date of birth to use all of the wallet’s default features, except for withdrawals.
Before the KYC change, Telegram Wallet users did not have to provide any personal information to use the default version of the wallet.
Wallet, a third-party cryptocurrency wallet bot on Telegram messenger, is undergoing significant changes, such as imposing stricter Know Your Customer (KYC) rules and changing its service provider.On May 29, Telegram’s Wallet informed users about several updates to its KYC system, requiring additional personal information to conduct certain transactions.According to an update seen by Cointelegraph, Wallet users will have to disclose their name, phone number and date of birth to use all of the wallet’s default features, except for withdrawals.Read more