Pumpandumping ICOs? Watchout – Court Orders Telegram to Hand Russia Its Encryption Keys

Telegram has lost a court battle against handing its encryption keys to Russian security services. The messaging platform, which forms a pivotal network for the cryptocurrency community, has said it will appeal to the Supreme Court in a bid to prevent Russia obtaining the private data of millions of users. Also read: Some of Bitcoin’s Earliest Adopters Find it Difficult to ‘Cash Out’ Telegram Battles for User Privacy Supreme Court Judge Alla Nazarova today rejected an appeal filed by Telegram, objecting to Russia’s Federal Security Services (FSB) obtaining the encryption keys to its platform. As a result, Telegram will be legally obligated to grant security forces access to the private messages and other data of its users, unless it can convince an appellate court to reverse the decision. Shortly after the ruling was made public, Telegram CEO Pavel Durov had this to say: The company finds itself in a difficult position. With the pre-sale for its own cryptocurrency underway, Telegram is seen as a flagbearer for a movement that prides itself on respecting user privacy, deploying encryption, and thwarting attempts at government interference. But as a Russian enterprise, Telegram is bound by the draconian laws that give the country’s security forces extensive surveillance powers. Putin Wants a Backdoor Because Terrorists In 2016, President Putin decreed that messaging services should provide a means of decryption for the benefit of its security services. Monitoring terrorists was the excuse cited. Russia is known for its human rights abuses and covert surveillance of journalists and…
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