Wallet, a third-party cryptocurrency wallet mini app 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.

“Starting June 3, all features except withdrawals will require updated account details,” Wallet’s announcement notes. https://cointelegraph.com/news/telegram-wallet-stricter-kyc-new-provider