As a seasoned crypto investor with a keen eye for regulatory developments, I find the recent moves by Telegram to establish a local office in Kazakhstan and increase compliance efforts quite intriguing. Having navigated through numerous regulatory landscapes across continents, I’ve learned that adaptability is key in this ever-evolving digital economy.
To enhance cooperation with regulatory bodies in Kazakhstan and ensure compatibility with cryptocurrencies, the messaging platform Telegram plans to open a local branch within the country.
According to the Ministry of Digital Development, Innovations, and Aerospace Industry, Telegram has decided to establish a local presence by appointing a representative and opening an office within the Republic of Kazakhstan, as announced on October 14th.
Minister Zhaslan Madiyev states that establishing a physical presence within the country would be a significant move towards enhancing oversight of content on the Telegram messaging service, he implied.
Considering Telegram’s substantial reach within the country, the measure holds considerable weight. As per Pavel Durov, the founder and CEO of Telegram, over half (12.5 million) of Kazakhstan’s total population of 20 million utilize Telegram monthly, representing a notable 25% growth from 2023 figures.
Kazakhstan meets with US gov’t, tech firms, to address fraud
The announcement emerged during a meeting between Kazakhstan’s authorities and the U.S. Chamber of Commerce, along with high-ranking executives from American tech giants like Meta and Apple.
During gatherings, Kazakh authorities deliberated over matters concerning data privacy and thwarting fraudulent activities and bogus social media profiles, including those on platforms like WhatsApp owned by Meta. In the third quarter of 2024, Meta reported blocking approximately 1.2 billion fraudulent accounts worldwide with the aid of artificial intelligence.
As per Madiyev’s statement, the Kazakhstan government is actively collaborating with global allies to safeguard the digital security of its citizens.
“We are actively cooperating with Telegram to promptly remove illegal content and block illicit channels. In accordance with our legislation, internet platforms such as Telegram, WhatsApp and TikTok are now required to have a representative in Kazakhstan.”
Telegram increases compliance efforts amid Durov’s investigation in France
Telegram’s move to establish a presence in Kazakhstan is an aspect of their larger efforts towards ensuring compliance. This step follows the increased focus on Telegram in France, where its founder, Durov, is under investigation for how the platform manages illegal activities.
Ever since French authorities accused Durov of several charges in late August, Telegram has stepped up its measures to curb illegal activities within its messaging platform.
In September, Durov announced that Telegram was disclosing the IP addresses and contact details of users found breaking the app’s regulations upon request from relevant authorities.
Additionally, the CEO shared that Telegram has implemented some changes in their search engine system. These modifications involve filtering out questionable content from the search outcomes and leveraging artificial intelligence to spot illegal content.
It seems that Telegram’s office in Kazakhstan was among the initial international branches established to boost compliance within the company. At the point when CryptoMoon reached out for a comment, Telegram had yet to respond.
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2024-10-14 11:53