☝️Telegram CEO Pavel Durov’s arrest has worrying implications for crypto☝️
Crypto community members fear that Durov’s arrest may lead to stricter controls on decentralized technology.
Telegram co-founder and CEO Pavel Durov’s arrest in France on Aug. 24 had an immediate impact on the crypto industry as Toncoin’s value sharply dropped following the news.
But his arrest could have wider implications for the crypto industry, which heavily relies on the Telegram messaging app.
“With the arrest of Telegram founder Pavel Durov over the weekend, the French authorities risk positioning themselves as an enemy of free speech and decentralization — the core values of the Web3 ecosystem,” Tim Kravchunovsky, CEO of the decentralized telecommunications network Chirp, told Cointelegraph:
“It would be a crying shame if a society that is meant to be democratic positions itself as the enemy of these core values.”
Telegram has become the go-to platform for the crypto community. Many crypto projects launch their communities on Telegram first, establishing a familiar environment where enthusiasts can easily discover and engage with new projects.
Durov’s arrest has raised calls and fears about government overreach and the potential crackdown on privacy-oriented technologies that are often essential for crypto operations. Telegram is known for its resistance to government censorship. Although not fully decentralized, its stance on privacy and freedom of speech resonates with the crypto community.
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