The arrest of Pavel Durov and the reaction of the digital currency market in the world

After the arrest of Telegram messenger Pavel Durov in France, there was a wave of support for him in the multi-trillion dollar digital currency industry. This support shows the deep dependence of this industry on the Telegram platform, which is recognized as a main platform for communication, transactions and crisis management among the activists in this field.
According to Tekna Technology Media Technology News Service, following this event, the CEO of the Tether digital currency company described the situation as “very worrying” and digital currency enthusiasts declared their support for Durov by launching the hashtag #FreeDurov. Investors have also considered his arrest as an attack on freedom of expression. Telegram has long been used as a popular platform for entrepreneurs and investors in the field of digital currencies. This messenger has become an important forum for big deals, marketing and even crisis management of the big companies in this industry.

According to CoinMarketCap data, one of the digital currencies associated with Telegram is among the top 15 digital currencies in terms of market capitalization. This shows the deep penetration of Telegram in this industry. Brad Nickel, the founder of the digital currency platform Kilroy, believes that many founders and investors in the field of digital currencies conduct a major part of their activities on Telegram.

Durov, who was detained by French authorities after landing at Le Bourget airport, has been questioned in connection with a wide-ranging investigation into criminal activity at Telegram, including money laundering and the distribution of child abuse content. However, he has not yet been officially charged. With 900 million users around the world, Telegram has become very popular due to the restrictions it imposes on content, especially in countries with internet restrictions. This platform has become an essential tool for people looking for safe ways to communicate.

The reason for the deep dependence of the digital currency industry on Telegram was its free culture. Emphasizing freedom of expression and resistance to government surveillance, Telegram aligns with the primary philosophical values ​​of digital currencies. Also, Telegram itself has participated in digital currency projects, such as the development of Gram digital currency. The creation of large chat groups and the possibility of direct communication with entrepreneurs and investors are among the reasons for Telegram’s popularity in this industry. The arrest of Telegram founder Pavel Durov will have a significant impact on the multi-trillion dollar cryptocurrency industry. The deep dependence of this industry on Telegram shows that this messenger has become a key player in this field.

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