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Where is the Achilles heel of Pavel Durov's cryptocurrency?

EXANTE CEO Alexey Kirienko talks about new cryptocurrency:

The сreator of VK is well versed in the trends of the technology sector.  He announced the era of messengers, officially closing the chapter of his life with social networks. In many ways, this is true, and in addition to secure communication, users now want something more– safe storage of money and fast, cheap transfers in time of the unstable geopolitical and economic situation. It is worth noting that regulators around the world are actively suppressing traditional financial destinations like Switzerland or offshore. Cryptocurrencies, in this case, have a kind of solution.

And this time Durov was in the right place at the right time. He quickly mixed all the components and attracted investors and developers to the new crypto project. It is likely that during this year we will be able to see a fairly high quality and commercially successful product.

Despite the attractive prospects, the new cryptocurrency has the Achilles’ heel – this is its possible centralisation. If TON interferes with the regulators, Pavel Durov will be under severe pressure. This can lead to full disclosure of transaction information, and then TON will be the second Paypal With all the consequences: compliance with the requirements of due diligence, KYC and freezing of accounts. 

I am sure that Pavel is well aware of all the risks that this project carries and he had enough time to develop a fundamentally new product. I can only wish him success in his new venture.

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Daniel Yang, a student from Singapore, took part in the quarterly student trading competition Exante Investor League, sponsored by EXANTE. During the competition, students get access to more than 50 markets from around the globe via EXANTE platform and use ingenious investment strategies to win over the competitors.

In November 2018, we held the Nordic Trading Competition — the competition of young traders based on the EXANTE trading platform.

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