State-controlled messaging alters crypto usage in Russia
Encrypted messaging limits in Russia could discourage crypto adoption, prompting fintech startups to explore decentralised and privacy-focused solutions.
The Russian government limits secure calls on WhatsApp and Telegram, citing terrorism and fraud concerns. The measures aim to push users toward state-controlled platforms like MAX, raising privacy concerns.
With over 100 million users relying on encrypted messaging, these restrictions threaten the anonymity essential for cryptocurrency transactions. Government-monitored channels may let authorities track crypto transactions, deterring users and businesses from adopting digital currencies.
State-backed messaging platforms also open the door to…
