Russian officials are upset over the arrest of Pavel Durov, Telegram’s CEO, at Paris’s Le Bourget airport.
The Russian Embassy in France has criticized French authorities for not providing information about the arrest and denying consular access. They are working with Durov’s lawyer but have received little cooperation.
Some Russian officials see the arrest as a deliberate act against Russia. There is debate over Durov’s citizenship, with conflicting reports about whether he holds French and Russian or French and UAE citizenship.
French officials are expected to address the arrest soon. Durov may face charges related to Telegram’s content moderation, including money laundering and inappropriate material, though no prison sentence details have been confirmed.
Telegram has defended Durov, asserting that the platform follows EU laws and that Durov frequently travels in Europe without issues.
In response to the arrest, notable figures in the crypto world, such as Elon Musk and Vitalik Buterin, have shown their support for Durov.
Cryptocurrency ownership in the U.S. has grown steadily over the past few years, but it remains far from widespread.
The final days of July could bring critical developments that reshape investor sentiment and influence the next leg of the crypto market’s trend.
Tyler Winklevoss, co-founder of crypto exchange Gemini, has accused JPMorgan of retaliating against the platform by freezing its effort to restore banking services.
Renowned author and financial educator Robert Kiyosaki has issued a word of caution to everyday investors relying too heavily on exchange-traded funds (ETFs).