New Wallet KYC regulations on Telegram: Starting from June 3, all functions except withdrawals require account details to be updated

ChainCatcher news, the third-party cryptocurrency wallet bot Wallet on Telegram notifies users of several updates regarding its KYC system. Starting from June 3, all default features except withdrawals will require users to update their account details (name, phone number, and date of birth) in order to use these features.

Wallet on Telegram also announced that starting from May 30, 2024, the wallet service will be provided by WOT Global Solution. After the change, all user data will be transferred to WOT Global Solution.

The announcement states that the collected data includes name, address, phone number, transaction data, and any other user data that the wallet may possess.