Russia Blocked Telegram As a result of Crypto Is ‘Uncontrollable,’ Says FSB Memo

Russia Blocked Telegram Because Crypto Is ‘Uncontrollable,’ Says FSB Memo

Russian authorities blocked Telegram as a result of they’d not have the ability to “management” its new cryptocurrency, likening it to ponzi scheme Mavrodi Mondial Moneybox (MMM).

FSB: Telegram TON Token Makes CEO ‘New Mavrodi’

In response to a letter which Roman Antipkin, an official with safety service the FSB, wrote to colleagues April 18, Telegram CEO Pavel Durov had “determined to turn out to be the brand new Sergey Mavrodi.”

The name-drop reference Mavrodi’s infamous MLM ponzi scheme which originated in Russia in 1997 earlier than being shut down. After serving a multi-year jail time period, Modi disappeared, solely to resurface in Africa to proceed operating MMM.

Telegram has so honest raised round $1.eight billion within the pre-sale stage of its ICO, with the general public nonetheless unable to buy TON tokens.

“Colleagues, this difficulty is in no way what you assume it’s about! The difficulty isn’t about keys or terrorism. Pasha (Pavel) Durov has determined to turn out to be the brand new Mavrodi,” Antipkin wrote quoted by native information outlet RBC.

“Issuing his personal crypto, we in Russia find yourself with a wholly uncontrollable monetary system. And it’s no Bitcoin for various individuals, it’d be easy, dependable and uncontrolled. This can be a risk to the nation’s safety. All of the drug buying and selling, soiled cash and organ smuggling will happen utilizing Pasha’s crypto, and he’ll simply say, ‘It’s not my fault; ban phrases then, since terrorists use them.’”

Russia’s Telegram Tantrum

Whereas Antipkin refused to touch upon the message, which sounds even tongue-in-cheek at instances, FSB officers since confirmed its authenticity.

The saga of Telegram’s Russian ‘ban’ in the meantime continues to ensnare an rising variety of collateral victims.

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