Important facts:
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Telegram will continue to work in Spain.
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Although there is no official relationship between TON and Telegram, the market connects the two developments.
A new move by the Spanish National Court on mobile messaging application Telegram led to rapid volatility in the Toncoin (TON) cryptocurrency.
Organization Judge Santiago Pedraz Suspended temporary blocking order issued for Telegram in Spain and requested a report from the General Commissioner’s office on the application. The measure comes before several telecom operators received suspension orders statement To the press.
According to these comments, various telecommunications operators actually stated that they did not know whether it was possible to block access to Telegram and lawyers pointed out that such an order was “disproportionate.”
The judge had ordered the blocking on March 25 due to complaints received from media companies accusing Telegram of allowing users to upload their content without permission. As reported by CryptoNoticias, this caused a stir among various communities who rejected the initiative.
Given the Spanish National Court’s reversal of the blockade planprice of ton reached a new all-time high (ATH) above $5.54 (USD). This can be seen in the following graph. trading view,
This is because TON, although it is the native cryptocurrency of the open network, has a common past with Telegram. This is why news about mobile messaging applications usually impacts its market. It has nothing to do with events today,
TON hits new price record after experiencing two weeks of continuous growth, This came after Telegram founder Pavel Durov assured that he may consider an initial public offering (IPO) to take his company public.
Likewise, this TON milestone occurs just a week after the main digital currency Bitcoin (BTC) marked a new ATH. Such behavior has lifted the overall cryptocurrency market.
