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Two years ago we covered a story on how Russia was requiring ISPs to give backdoor access to apps. The encrypted messaging app Telegram, has lost a bid before Russia's Supreme Court to block security services getting access to users' data according to a Bloomberg report. Last year Telegram was asked to provide the Federal Security Services its encryption keys, and were slapped with a $14,000 fine. Today Supreme Court Judge AllA Nazarova rejected Telegrams Appeal, and now has 15 days to provide the encryption keys.
Government overreach is no joke. One has to wonder if now that Telegram's niche is gone if they will continue on, and what will happen with it's Gram coin. Thanks to modi123 for the story.
Telegram has more than 9.5 million users in Russia, according to researcher Mediascope. It raised $850 million from investors in February in a so-called initial coin offering and is trying to raise another $1.7 billion, according to company documents seen by Bloomberg News. Telegram plans to use the proceeds to build a blockchain network with built-in cryptocurrency Gram that could enable faster transactions than bitcoin.
Government overreach is no joke. One has to wonder if now that Telegram's niche is gone if they will continue on, and what will happen with it's Gram coin. Thanks to modi123 for the story.
Telegram has more than 9.5 million users in Russia, according to researcher Mediascope. It raised $850 million from investors in February in a so-called initial coin offering and is trying to raise another $1.7 billion, according to company documents seen by Bloomberg News. Telegram plans to use the proceeds to build a blockchain network with built-in cryptocurrency Gram that could enable faster transactions than bitcoin.
