The value of the Toncoin cryptocurrency associated with the TON project of Telegram founder Pavel Durov fell by almost 19% after his detention by French authorities. This is evidenced by trading data.
As of 16:05 Moscow time, the Toncoin price fell by 2.21% to $5.57. Before the information about Durov’s arrest emerged, the cryptocurrency was trading at $6.81. Thus, the Toncoin price has fallen by 18.7% to date.
French media on Saturday evening reported Durov was detained at Le Bourget airport after allegedly getting off a private plane from Azerbaijan. According to local media, Durov, who holds French citizenship, was on the country’s wanted list.
According to French media, the country’s justice system considers Durov to be involved in a series of crimes, including Telegram’s refusal to cooperate with the authorities. The Messenger founder could be charged with terrorism, drug trafficking, fraud and money laundering. According to French journalist Cyril Amursky, the businessman faces up to 20 years in prison.
Before this, it was known that cryptocurrency existed in Russia. reputed Property subject to division along with other property during a divorce. However, lawyer Andrey Andreev noted that the process of dividing cryptocurrency can be complicated by the difficulties of defining and valuing it. The fact that courts have not yet developed a uniform approach to such cases complicates legal proceedings.
Previous experts saw Russia has a historic chance to surpass the US in mining.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.