Payment system news

This is the end: Telegram stops working on TON

Telegram messenger stops working on its Telegram Open Network (TON) platform. This was stated by the creator of the company Pavel Durov.

In his message, he said that the development team had been involved in the project for two and a half years, but when faced with the tough stance of American regulators and the ban on distributing the product among residents of other jurisdictions, she was forced to abandon her plans. “The decision of the judiciary implies that other states do not have sovereignty to independently decide what is good and what is not suitable for their citizens,” Pavel Durov is indignant, noting that the US authorities not only actually control the dollar, but can also close any financial institution or bank account, as well as forcing large technology giants, such as Apple or Google, to remove any application at the very first request. Thus, Pavel Durov notes, work on a decentralized system will go to the next generation of innovators. “I wish good luck to everyone who strives for decentralization, balance and equality. This is a just cause, ”he said.

In conclusion, the head of Telegram cautioned market participants that all projects that use the names TON, Telegram Open Network or Gram are fraudulent and have nothing to do with the original brand.

Рустам Алиев

Recent Posts

Hidden Gem? Robinhood Chain Now the 15th Largest Network by TVL Just Three Weeks After Mainnet

Robinhood Chain’s TVL continues to surge rapidly, suggesting increasing popularity of the on-chain network and…

21 hours ago

Price Analysis: Injective Targets EU Crypto Users with MiCA Compliance — Will INJ Reclaim the $10 Mark?

The Injective Protocol today demonstrated that it holds MiCA authorization, deepening its commitment to better…

21 hours ago

Ethereum Builder Says CLARITY ACT Rumors May Be Potential Catalyst For Next Crypto Market Dump

The next cryptocurrency market dump could be spearheaded by a myriad of factors across the…

21 hours ago

RISEx Launches ‘Ignite’ Season 1 Points Program After $3B in Early Access Volume

RISEx, the fully on-chain perpetuals exchange built on the high-throughput RISE Chain, has officially launched…

1 day ago

Analyst Flags Cardano Breakout With 1,500% Rally in Sight

Cardano (ADA) traded mostly sideways on Wednesday after a volatile week for the broader cryptocurrency…

2 days ago

New Report From CoinRabbit and GoMining Argues Bitcoin Management Trumps Mining Volume

CoinRabbit and GoMining have published a joint report on Bitcoin mining profitability — making the…

2 days ago