Telegram has continued to pile on its list of enemies. Iranian authorities have released a statement citing that an Iranian supporting the issuance of Telegram’s native token will be committing a crime.
Javad Javidnia, Secretary of Criminal Content Definition Task Force, said that:
One of the most important factors in banning Telegram [native token] was a sense of serious economic threat from its activities, which was unfortunately marginalized and neglected due to the fuss in the political atmosphere of the country.
Telegram is said to have been working on the Telegram Open Network after raising more than 1.5 billion U.S dollars in an initial coin offering which closed in 2018. Telegram planned that the network will be powered by its native token called the Gram.
However, for authorities in Iran, any Iranian joining Telegram’s efforts in issuing the native token will be disrupting the country’s national economy and will be considered a “threat to national security.”
Although the authorities had banned the usage of the messaging application in the country, the app has in excess of 50 million Iranians already using it. Telegram tends to rhyme with a wide audience due to the fact that its communication channel is highly encrypted adding to privacy.
Last year saw Russia ban the usage of Telegram within its borders citing security concerns. Authorities in China have also not been comfortable with the usage of the encrypted messaging application under their watch.
By developing a native token, Telegram intends to give its users a way to pay for goods and services using a virtual token without leaving the platform. If everything goes according to plan, the native token will be among the most adopted virtual coins.
Since Telegram is viewed as a security threat by some governments, do you think the platform’s native token will receive a high adoption rate?
Let us know your thoughts in the comments section below.