Telegram Wallet disabled in UK; PayPal targets businesses

Quick Summary:

The in-app Telegram Wallet says it disabled the services to seek regulatory clearance from the FCA, despite having been operational in the United Kingdom for years.

The post Telegram Wallet disabled in UK; PayPal targets businesses appeared first on CoinGeek.

It’s worth noting that the wallet is independent of Telegram and that the decision to pursue an FCA license is unrelated to the legal troubles of the libertarian founder Pavel Durov.

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Article Details

Author / Journalist: Steve Kaaru

Category: Crypto

Markets: CanadaUnited KingdomUnited States

Topics: Regulation Telegram PayPal Pavel Durov Business Financial Conduct Authority

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-03 @ 11:00:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 866 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 22907491

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Main Topics: Crypto

Official Website: coingeek.com

Year Established: 2012

Headquarters: Canada

News Last Updated: 2 days ago

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