The Wallet app on Telegram is temporarily down in the United Kingdom as the developers seek regulatory approval in the country
In a Wednesday post on the messaging app, the developers of Wallet—a crypto wallet built as a mini app on messaging platform Telegram, though not built or operated by Telegram—said that it had disabled features for UK customers.
It added that British users would be able to withdraw assets to external wallets with no fees while it applied to the UK's Financial Conduct Authority (FCA) to register as a CryptoAsset provider.
Telegram Launches New Ways for Creators to Earn TON Tokens
Messaging app Telegram is becoming even more crypto-focused after announcing a feature that allows creators to earn Toncoin (TON), the native cryptocurrency of The Open Network. The app’s developers said Wednesday that users can now send reactions in Stars—an off-chain, in-app currency tied to TON—to content creators and channels, and then those Stars can then be converted into TON. And if those receiving the Stars don’t want TON, then they can use them to pay for advertising. TON Ventures Laun...
"We will keep you updated on our progress toward full registration in the UK," it added.
The UK has become a tough place for the crypto industry to do business, with financial watchdog the FCA cracking down hard on the space in an effort to prevent money laundering and other crimes.
Developed by The Open Platform, Wallet is a crypto wallet on Telegram that allows users to send and receive cryptocurrencies like Bitcoin, Tether, and Toncoin—the native currency of The Open Network (TON).
Telegram has become a more crypto-friendly platform over the last year, with mini app-based games like Hamster Kombat and Notcoin booming in popularity. The messaging platform itself has also increasingly embraced TON, using the network to pay a share of ad revenue to channel operators, for example.
What’s Next for 'Hamster Kombat' After Airdrop? Expanding Beyond Telegram
As its eagerly awaited airdrop approaches, tap-to-earn game Hamster Kombat has revealed an ambitious roadmap for the year following its token launch on The Open Network (TON). Plans include NFTs and new games—and starting to distance itself from Telegram exclusivity. Hamster Kombat’s tap-to-earn game has been hugely popular attracting over 300 million players as gamers tapped their screens via a Telegram mini app in an attempt to gain a slice of a future airdrop. Approximately 130 million player...
Telegram has made headlines since French authorities last month arrested the app's CEO Pavel Durov. The Paris Public Prosecutor's Office alleged that Telegram was complicit in allowing illegal material to be shared on the platform, and was not responsive to law enforcement requests.
This week, the Telegram team said it was cleaning up the app, and will be more receptive to future law enforcement requests regarding alleged illegal activity on the platform.
Edited by Andrew Hayward
