Toncoin (TON) continues to thrive despite the current situation within the Telegram ecosystem. The cryptocurrency has recently experienced a surge in value as the TON ecosystem faces regulatory pressures. Regulators have demanded that Telegram disclose users’ IP addresses, a request that the platform may soon comply with.
Telegram Takes Action Against Illegal Activities
Authorities have identified that the search feature on Telegram has been misused by individuals to sell illegal products, posing a threat to the network’s presence in India. To combat this issue, a specialized moderator team has been utilizing artificial intelligence technology to regain control. This has resulted in a significant decrease in unsafe and problematic content. In order to completely eliminate illegal activities, Telegram has decided to provide regulators with the IP addresses and contact information of users who violate the rules.
The Future of TON and Changes in Telegram
The situation on Telegram may have implications for the TON protocol. Pavel Durov, the founder of Telegram, emphasized that the search feature was intended for finding friends and discovering news, not for promoting illegal products. While this step may hinder the platform’s vision of preserving freedom of expression, Durov believes it is the best course of action. Durov’s commitment to addressing this issue was evident following his recent detention by French authorities, where he pledged to improve the overall usage of the social network.
At the time of writing, TON was trading at $5.68, experiencing a 6.37% increase in the last 24 hours and a 5.17% rise weekly. These regulatory hurdles have not yet affected the price, but this may change in the future. If not managed effectively, this step could have negative consequences for TON in the long run. However, many investors may overlook these “transparent steps for fighting crime” for now, leading to brighter prospects for TON Coin once the pressure from Telegram eases.
In conclusion, Telegram’s efforts to strike a balance between user privacy and security are crucial for the platform’s future. While these measures are expected to curb criminal activities, they may also raise concerns about user privacy. TON investors and users should closely monitor how recent developments will impact the value and usage of the cryptocurrency.
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Disclaimer: The information provided in this article is not investment advice. Investors should be aware of the high volatility and risk associated with cryptocurrencies and should conduct their own research.
