Telegram Under Ban Threat In Indonesia For Alleged Pornography & Gambling, TON Price Dive Deepens
August 29 2024 - 4:30PM
NEWSBTC
Following the recent arrest of Telegram CEO Pavel Durov in France,
the messaging platform is facing escalating legal challenges across
multiple countries. Local media reports indicate that Indonesia is
contemplating a ban on Telegram due to its alleged facilitation of
pornography and online gambling activities. Global Scrutiny On
Telegram According to a local media report, Indonesian
Communication and Informatics Minister Budi Arie Setiadi has voiced
strong concerns, stating that the Ministry has already warned
Telegram about its content moderation practices. Per the
report, Minister Budi Setiadi emphasized that if evidence of
illegal content is confirmed, the government would take decisive
action to block the platform. This intensifying legal scrutiny
comes on the heels of a troubling incident in Central Java, where a
20-year-old resident, identified as “MAFA,” was arrested for
allegedly managing a child pornography group on Telegram. The
Indonesian authorities are reportedly monitoring the platform for
further violations. Related Reading: Solana Price (SOL) Slips: Will
a Break Below $140 Trigger More Downside? In France, Durov’s legal
troubles have deepened since his arrest at Le Bourget Airport. The
Paris prosecutor’s office has reported that he faces 12 serious
charges, including complicity in child pornography sales, drug
trafficking, fraud, and failure to cooperate with
investigations. Durov has since been granted bail under
strict conditions: he must pay €5 million, report to police twice a
week, and remain within French territory. Paris prosecutor Laure
Beccuau confirmed that there are sufficient grounds to investigate
Durov on all charges related to his initial arrest. However, the
legal challenges for Telegram extend beyond France and Indonesia,
as the Indian government has also launched an investigation into
the platform. As reported by NewsBTC, authorities in India
are examining claims that Telegram is being used for criminal
activities, including extortion and gambling. Similar to
investigations underway in France and Indonesia, the messaging
platform could face potential bans in these countries. TON Price
Continues To Struggle Toncoin (TON) plunged about 20% after Durov
was arrested outside Paris on August 24, before paring some of
those losses. TON’s total value locked (TVL) has fallen to $357
million from a high of $769 reached in July, according to data
provider DefiLlama. In the wake of this price crash, certain
Toncoin supporters perceived an opportunity amidst the chaos. DWF
Labs, a crypto market maker with a stake in the token, seized the
moment to invest “millions” of dollars in Toncoin following the
decline, as confirmed by co-founder Eugene Ng to Bloomberg.
Related Reading: Bitcoin Forecast: Expert Reveals 4 Reasons To Be
Bullish On Q4 Despite the efforts to stabilize Toncoin’s value, the
cryptocurrency has struggled to regain its footing. The TON price
has continued its downward trajectory, showing no signs of recovery
with a further 1% drop in the 24-hour timeframe. The token has
sustained substantial losses over the past month, amounting to
nearly 17%, currently trading at $5.54. In case of further price
retracements, bullish investors will need to keep a close eye on
the $5.15 and $4.87 marks, the largest support levels for the token
on its daily TON/USDT chart. Featured image from DALL-E, chart from
TradingView.com
Bitcoin (COIN:BTCUSD)
Historical Stock Chart
From Jul 2024 to Aug 2024
Bitcoin (COIN:BTCUSD)
Historical Stock Chart
From Aug 2023 to Aug 2024