As a seasoned analyst with years of experience navigating the complexities of global technology regulations and markets, I find the current predicament of Telegram intriguing, if not somewhat predictable. The platform, while offering innovative features and services, seems to have found itself entangled in the web of regulatory scrutiny due to its lack of physical presence in key jurisdictions.
The Indian authorities have initiated an examination of the messaging service Telegram due to worries that it might be utilized for illegal activities like blackmailing and wagering. This action comes after the detention of Telegram’s CEO, Pavel Durov, during the past weekend in France.
Telegram Faces Potential Ban In India
As per the latest updates from Indian news sources, the current investigation is spearheaded by the Indian Cyber Crime Coordination Centre, which falls under the purview of both the Ministry of Home Affairs and the Ministry of Electronics and Information Technology.
As a researcher exploring the realm of digital communication, I’ve discovered an interesting fact: Telegram has managed to register over 5 million users within India alone, positioning it as one of the nation’s favored messaging applications.
The worries expressed by the government are based on claims that some individuals have misused the app’s direct messaging functions for illegal purposes.
It appears that because Telegram lacks a physical presence in India, it’s allegedly making it harder for the government to oversee and investigate the platform, even though the app is following India’s Information Technology (IT) Regulations.
It’s possible that the app might be temporarily prohibited in India, pending the results of the ongoing investigation.
Durov Accused Of Allowing Criminal Activities
The probe in India now holds greater importance after the arrest of Durov at the Paris-Le Bourget Airport on Saturday, as per Bitcoinist‘s report, suggests a possible rephrasing.
Reportedly, Durov, a citizen of Russia, France, the UAE, and St. Kitts and Nevis, is facing accusations for allegedly not taking sufficient measures to prevent illegal activities on his platform within an unspecified European nation.
According to French officials, the strong encryption features of Telegram have provided a fertile ground for criminals to thrive within the app. However, Telegram counters this claim by asserting that they adhere to the legal requirements set by the European Union (EU) and enforce content moderation policies, labeling these accusations as preposterous.
The arrest appears to have triggered opposition among Russian political figures, who speculate that it might be a politically charged incident. Russia’s leading human rights advocate, Tatyana Moskalkova, asserted that the French police detained Durov with the intention of shutting down the uncensored platform.
Toncoin (TON) Price Tumbles
Despite escalating legal issues facing the messaging app, Toncoin (TON), previously created by Telegram, has experienced a drop exceeding 20% within the past week and is now being traded at approximately $5.39.
In just one day’s time, the token’s value has decreased by almost 8%, which underscores the negative outlook towards the TON price that many investors seem to have following the recent news announcement over the weekend.
According to CoinGecko, the token’s trading volume has decreased by approximately 66%, and it currently stands about 34% below its record high, which was attained in June this year.
Read More
Sorry. No data so far.
2024-08-27 11:46