Telegram Legal Woes and TON Price Struggles Continue Amid Global Scrutiny
After the recent arrest of Telegram CEO Pavel Durov in France, the messaging platform is facing mounting legal challenges worldwide. Media reports suggest that Indonesia is considering blocking Telegram due to allegations of facilitating illicit activities such as pornography and online gambling.
Indonesian Concerns Over Telegram Content
The Indonesian Communication and Informatics Minister Budi Arie Setiadi has expressed serious reservations about Telegram’s content moderation practices. It has been reported that the Ministry has issued warnings to Telegram regarding its content.
- Minister Setiadi emphasized that if illegal content is found, decisive action will be taken to block the platform.
- A 20-year-old resident in Central Java was arrested for allegedly managing a child pornography group on Telegram, prompting Indonesian authorities to monitor the platform closely.
Durov’s Legal Issues in France
In France, Durov’s legal troubles have escalated following his arrest at Le Bourget Airport. The Paris prosecutor’s office has leveled 12 serious charges against him, including complicity in child pornography sales, drug trafficking, fraud, and lack of cooperation with investigations.
- Durov has been granted bail under strict conditions, requiring him to pay €5 million, report to police twice a week, and stay within French territory.
- Authorities in India are also investigating Telegram for alleged criminal activities like extortion and gambling, potentially leading to bans in multiple countries.
TON Price Struggles Amidst Legal Turmoil
Toncoin (TON) experienced a 20% drop after Durov’s arrest in late August, with its total value locked decreasing from $769 million to $357 million. Despite efforts by some supporters to capitalize on the price decline, Toncoin has struggled to regain value.
- DWF Labs, a crypto market maker, invested millions in Toncoin following the price crash, according to co-founder Eugene Ng.
- The TON price has continued to decline, currently trading at $5.54 with a 1% drop in the past 24 hours and a cumulative 17% decrease over the last month.
TON Price Outlook and Support Levels
As Toncoin faces further price challenges, bullish investors should monitor key support levels to gauge potential recovery. The token is currently trading at $5.54, with critical support levels at $5.15 and $4.87 on the daily TON/USDT chart.
Hot Take: Reflecting on Telegram’s Legal Troubles and TON Price Volatility
In light of Telegram’s escalating legal issues and TON’s price struggles, the future of both the messaging platform and its native cryptocurrency remains uncertain. As regulatory scrutiny intensifies and market volatility persists, investors should exercise caution and stay informed about developments in this evolving landscape.
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