FSB battling with Telegram due to Pavel Durov's own crypto currency

The security service is bothered that a "completely uncontrolled money system" are going to be created on the premise of the traveler.

The real reason for block wire in Russia is intentions of the messenger’s creator Pavel Durov to launch his own blockchain platform wire Open Network (TON) with Gram crypto currency. A letter on this result was sent to colleagues by associate worker of the twelfth center of FSB, Roman Antipkin, on eighteen Apr, red blood cell reports. The believability of the letter was verified by a federal agent and a Head of 1 of the medium operators.

Antipkin pens that the FSB fears the looks in Russia of a "completely uncontrolled money system". "This isn't bitcoin for marginalized folks, it'll be straightforward, reliable and uncontrolled. this is often a threat to the protection of the country," says the FSB officer.

Sources of red blood cell impart that Roman Antipkin repeatedly portrayed the twelfth center of the FSB, which, among alternative things, oversees System for Operative fact-finding Activities (SORM) problems, at numerous conferences. specifically, he was gift at the discussion of the Yarovaya law. Antipkin’s letter was sent from 12center.ru domain.

The publication contacted Antipkin via the phonephone range indicated within the letter. The FSB officer aforementioned that he failed to perceive what the journalists were talking regarding, and failed to offer any comments.

Durov's plans to launch his own blockchain platform became far-famed in late 2017. The project was named wire Open Network (TON), it's planned to use Gram crypto currency in it. The payment system is to be designed into wire traveler, and later on introduced into alternative social networks and services. The 132-page-long document description the project was signed by Nikolay Durov, Technical Director of wire and Pavel Durov's brother.

The description of the project says that TON are going to be ready to method countless transactions per second. the present preferred crypto currency system Bitcoin processes solely 9-12 transactions per second, whereas Visa and Mastercar – many thousand transactions per second.

In early 2018, wire control 2 closed rounds of the ICO (initial coin offering). the corporate raised $1.7 billion from investors, among whom were the founding father of Wimm Bill Dann, David Yakobashvili, and also the founding father of Qiwi, Sergey Solonin.

The contract between wire cluster Iraqi National Congress. associated an capitalist such that the client of the tokens cannot use them to ‘launder’ cash or violate the sanctions regime, further on bankroll coercion. The document made public that the unscrupulous use of Gram crypto currency may "seriously have an effect on the name of TON."

According to specialists, the FSB's fears square measure well based. decision maker of the web Protection Society Mikhail Klimarev believes that TON can get pleasure from far more users than alternative crypto currency systems thanks to simple use and speed of group action process. That said, all operations in TON can circumvent the state and financial bodies.

According to a advisor with the PIR Center, Oleg Demidov, Durov makes an attempt to form a legal project: wire depends on ICO and reports on the conducted investment rounds to the USA Securities and Exchange Commission. consistent with Demidov, regulators concern that "it won't be ready to force TON into the grey zone, particularly if it works wrongfully in alternative countries." Demidov noted that even roaring block of wire won't stop the employment of TON. The block of the traveler, consistent with the professional, can solely part cut back the quantity of users of the new system.