The price of Toncoin (TON) continues to rise despite the current situation within the Telegram ecosystem. Recently, while the TON ecosystem faces regulatory pressures, the cryptocurrency has gained value. Currently, regulators are demanding that the social media platform disclose users’ IP addresses, which 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 some individuals for the sale of illegal products. Normally, this feature facilitates users’ ability to find public channels and bots. However, this misuse has begun to jeopardize the social network’s presence in India.
Over the past week, a special team of moderators has attempted to control the situation using artificial intelligence technology. According to Pavel Durov, there has been a significant reduction in the number of unsafe and problematic content. To avoid such illegal activities, Telegram has decided to provide regulators with the IP addresses and contact information of users who violate its rules.
The Future of TON and Changes in Telegram
The situation on Telegram may eventually affect the TON protocol. Durov emphasized that the search feature is designed for finding friends and discovering news, not for promoting illegal products. While this step may hinder Telegram’s vision of protecting freedom of expression, Durov believes it is the best move.
Durov’s seriousness regarding this matter comes just weeks after his detention. After spending a few days with French authorities, Durov promised to improve the overall usage of the social network.
As of the writing, TON is trading at $5.68, having increased by 6.37% in the last 24 hours and 5.17% weekly. These regulatory hurdles have not yet affected the price, but this could change in the future. If not managed correctly, this move could have negative consequences for TON in the long run. Alternatively, the majority of investors may remain indifferent to such “public-private transparency steps against crime,” and the price of TON Coin may thrive once the pressure on Telegram eases.
In summary, Telegram’s efforts to balance user privacy and security are crucial 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 these developments impact the cryptocurrency’s value and usage.
