Telegram Wallet Enforces Stricter KYC Requirements

IconCryptoNewsTerminal Staff29 May, 2024

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Telegram Wallet Enforces Stricter KYC Requirements

Beginning June 3, 2023, Telegram-based wallet WalletIntellegam will implement stricter Know Your Customer (KYC) requirements. This enhanced KYC will apply to all features except withdrawals. This move comes as WalletIntellegam has partnered with WOT Global Solution as of May 30, 2023. Enhanced KYC is becoming increasingly common in the cryptocurrency industry as regulators seek to combat money laundering and other illicit activities. By requiring users to provide more detailed information about themselves, WalletIntellegam aims to create a more secure and transparent platform for its users. While some users may find the additional KYC requirements inconvenient, they are ultimately necessary to ensure the safety and security of the WalletIntellegam platform.

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