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Both France and India are investigating Telegram for alleged criminal activities, including extortion and gambling. Due to the investigations, Toncoin's price has dropped over 20% in the past week. The investigations have raised concerns among Toncoin holders about the platform's future and the impact on Toncoin-based projects.

Less than a week after the arrest of Telegram CEO Pavel Durov in France over the weekend, a report has emerged that the Indian government is investigating the messaging platform over alleged criminal activities, including extortion and gambling.  Advertisement

The investigation into Telegram, which does not have a physical office in India, is being conducted by the Ministry of Home Affairs and the Ministry of Electronics and Information Technology (MeitY). MeitY has noted that Telegram is following IT regulations and publishing monthly compliance reports. Trouble for the Toncoin Ecosystem? The arrest of Durov in Paris and the ongoing investigation of the Telegram platform in India will have negative publicity for the Toncoin ecosystem. Already, Toncoin has been outshined by Dogecoin (DOGE) and Tron (TRX) following the ongoing investigation of Durov in Paris.  According to the latest market data, TON’s price has slipped over 20 percent in the past seven days, trading at about $5.43 on Tuesday.  The possibility of Telegram being shut down in different regions has raised concerns among the Toncoin community about its long-term future. Many Toncoin-based web3 projects, such as Hamster Combat and Notcoin (NOT), depend on Telegram to attract and grow their user base. What to Watch For: Keeping an Eye on Developments Given these issues, it is important for TON holders to stay updated on the results of the investigations in both France and India. Support for Telegram: Free Speech Advocacy Advocates for free speech, including tech billionaire Elon Musk, have condemned the scrutiny of Telegram. The platform is increasingly being used as an alternative to Meta’s WhatsApp and Facebook Messenger, which has faced criticism for content suppression. The fate of Telegram hangs in the balance. Only time will tell whether this once-rising star will continue to shine brightly, or whether the end is near due to the controversy.

Tags Crypto Regulations