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TON Price Jumps 6% Despite Telegram Bowing To Regulatory Pressure

Due to the mobile applications, Telegram has come out with the intent to report the IP address and other details of individuals that misuse the platform, a trend that does not affect the price yet. Telegram is ready to share its users’ personal information with regulators when asked to do so. The social media giant has friendly relations with the Toncoin ecosystem. However, still, the price is high Based on the above negative news.

The current price behaviour of Toncoin (TON) does not fully reflect the current realities of the Telegram environment. The coin has rallied recently while the TON ecosystem was caught in the crosshairs of regulatory constraints. As it stands, the regulators wanted the platform to release its users’ IP addresses, and the platform might do that soon.

Telegram Takes Pro-active Measures Against Illicit Activities

Sincerely, the authorities of the measured platform were recently informed that there are some individuals or audiences who exploit the Search option in Telegram. In normal circumstances, this feature enables the users of the social media app to locate public channels and bots. However, now there has emerged another group of violators that use the feature to sell prohibited items. However, the problematic application is already threatening the availability of the social network in India.

An experienced team of moderators have been using Artificial Intelligence (AI) technology to try to contain it in the past week.

As Pavel Durov noted, cases of dangerous and issues-oriented content significantly decreased, Nonetheless, Telegram is still operating with the aim of not engaging in any of such unlawful conduct hitherto, it has offered to avail to the regulators IP addresses and contacts of any user found wanting.

The new Terms of Service and Privacy Policy clearly stated this disclaimer. Durov is confident that these actions would prevent criminals. However, it is also stirring controversy since many are protesting the kind of privacy and freedom of speech that Telegram allows.

Also, it is worth mentioning that Elon Musk also experienced similar censorship issues in Brazil in the past few weeks. But instead of agreeing to surrender the IP Addresses, X paid $3.3 million to the regulators.

Fate of TON Amid Telegram Overhaul

The issue with Telegram is more alarming and may eventually affect the disruption potential of the TON protocol. Cavelier Durov also commented on earlier messages, stating that Telegram Search is designed to find friends and news, not to sell everything and nothing. Even though this can go against its mission to fight for free speech, Durov thinks it is the right thing to do.

”We will not let these few people bring the quality of this platform for almost one billion people down,” he said.

Durov decided to take this matter seriously only a few weeks after authorities detained him and attributed the wrong decisions to some users of the Telegram app. He went to the French authorities for a few days and when out, he said he would enhance the common usage of the social platform.

However, TON is at $5.68, having risen by 6.37% within the last 24 hours, and by 5.17% within the past week. This means its regulatory barriers have not increased its price yet, though this may well happen in the future.

Despite this measure having the potential to generate awareness deep down and in the long run, if not well spun, it might influence TON.

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