Toncoin Price Continues to Rise Despite Regulatory Challenges Faced by Telegram

Despite the current situation within the Telegram ecosystem, Toncoin (TON) continues to rise. Recently, the
cryptocurrency
gained value as the TON ecosystem faced regulatory pressures. Presently, regulators have demanded that the social media platform disclose users’ IP addresses, a request that may soon be complied with by the platform.
Contents
Telegram Takes Action Against Illegal Activities
The Future of TON and Changes in Telegram
Telegram Takes Action Against Illegal Activities
Authorities have identified that the search feature on Telegram has been misused by individuals for selling illegal products. Normally, this feature simplifies users’ ability to find public channels and bots. However, this misuse has begun to jeopardize the network’s presence in India.
Over the past week, a specialized moderator team has been using artificial intelligence technology to regain control of the situation. According to Pavel Durov, there has been a significant decrease in the number of unsafe and problematic content. To completely avoid such 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 eventually impact the TON protocol as well. Durov emphasized that the search feature was designed for finding friends and discovering news, not for promoting illegal products. While this step may hinder Telegram’s vision of preserving freedom of expression, Durov believes it is the best course of action.
Durov’s seriousness on the issue surfaced shortly after his detention. After spending several days with French authorities, he pledged to improve the overall usage of the social network.
As this article was being prepared, TON was trading at $5.68, recording a 6.37% increase in the last 24 hours and a 5.17% rise weekly. These regulatory hurdles have not yet reflected in the price, but this may change in the future. If not managed well, this step could have negative consequences for TON in the long run. Alternatively, the majority of investors may disregard such “transparent steps for fighting crime” today, leading to better days for TON Coin once the pressure from Telegram eases.
In summary, Telegram’s efforts to balance user privacy and security are critical for the platform’s future. While these measures are expected to reduce criminal activities, they may also heighten users’ privacy concerns. TON investors and users should closely monitor how recent developments will affect the cryptocurrency’s value and usage.
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Disclaimer:
The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.