As a seasoned researcher with a keen interest in blockchain and digital currencies, I find myself intrigued by the recent developments surrounding Telegram and Toncoin (TON). The surge in TON’s price seems to be at odds with the regulatory pressures that the Telegram ecosystem is currently facing.
The price action of Toncoin (TON) is not commensurate with the current state of the Telegram ecosystem. The coin recently surged while the TON ecosystem was caught bowing to regulatory pressures. As it stands, regulators have requested that the social media platform release its users’ IP addresses and the platform might soon comply.
Telegram Takes Pro-active Measures Against Illicit Activities
It appears that some individuals are misusing the Search function within Telegram, which typically helps users locate public channels and bots effortlessly. Regrettably, a small number of offenders have started to exploit this functionality for selling illicit goods, potentially damaging the platform’s reputation in India.
Over the past week, a committed group of moderators has been leveraging advanced AI technology to help manage the situation effectively.
As stated by Pavel Durov, there’s been a significant decline in the occurrence of harmful and challenging content. To maintain a safe platform and prevent any illicit activities, Telegram is now providing regulatory bodies with the IP addresses and contact information of any user who breaches its guidelines.
As a crypto investor, I’ve taken note that the recent updates in Telegram’s Terms of Service and Privacy Policy have made their stance clear. The founder, Durov, is hopeful these changes will deter criminal activities. Yet, these moves are not without controversy as some argue that these measures may potentially compromise the platform’s commitment to privacy and free speech.
In recent weeks, much like Elon Musk, there was a situation involving censorship in Brazil. Instead of threatening to hand over IP addresses, X chose to negotiate a settlement worth $3.3 million with the regulatory bodies.
Fate of TON Amid Telegram Overhaul
The state of affairs regarding Telegram is a significant issue, potentially influencing the TON protocol. Beyond his previous statements, Durov underscores that Telegram Search serves primarily for locating friends and staying updated on news, not for advertising illicit items. Although this action might challenge Telegram’s commitment to uphold free speech, Durov considers it a necessary decision.
He also stated, “We’ll ensure that dishonest individuals don’t compromise the reliability of our platform, which serves nearly a billion people.
A few weeks following his detention and being accused of errors made by certain Telegram app users, Durov has chosen to address this issue with greater urgency. After spending a brief time with French authorities, upon his release, he pledged to enhance overall user experience on the social network.
At this moment, TON is being traded at $5.68. It saw a rise of 6.37% over the past day and a 5.17% increase in the last week. This indicates that its price has not been significantly impacted by regulatory challenges thus far, but this trend might shift in the future.
Unless properly spinned, this move might have an impact on TON in the long term.
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2024-09-23 21:00