Telegram might be forced to put its global cryptocurrency plans on ice

Illustration by Alex Castro / The Verge The US Securities and Exchange Commission has formally instructed Telegram Group, the parent company of the Telegram encrypted messaging service, to halt sales of its cryptocurrency Gram. The SEC says the company, and its crypto-focused subsidiary TON Issuer Inc., failed to register an early sale of $1.7 billion of its crypto tokens prior to the October 31st launch of its blockchain network. Because the SEC treats cryptocurrency as securities, the agency says Telegram is in violation of the Securities Act. “Our emergency action today is intended to prevent Telegram from flooding the US markets with digital tokens that we allege were unlawfully sold,” writes Stephanie Avakian, the co-director of the SEC’s Division of Enforcement, in a... Continue reading…

US regulators block Telegram from raising funds through cryptocurrency

US securities regulators won an emergency court order Friday to block the messaging application Telegram Group from raising funds by selling unregistered cryptocurrency to investors.

Sat 12 Oct 19 from TechXplore

SEC puts a stop to Telegram's cryptocurrency plans in the US

Telegram's plans for its cryptocurrency and blockchain network may be in jeopardy. The US Securities and Exchange Commission has filed an emergency action and obtained a temporary ...

Sat 12 Oct 19 from Engadget

Telegram must halt sale of its crypto token due to an SEC emergency restraining order

Illustration by Alex Castro / The Verge The US Securities and Exchange Commission has formally instructed Telegram Group, the parent company of the Telegram encrypted messaging ...

Fri 11 Oct 19 from The Verge

Telegram's cryptocurrency kickoff halted by SEC - CNET

It had already raised $1.7 billion, according to the SEC.

Fri 11 Oct 19 from CNET Cutting Edge

U.S. SEC halts Telegram's $1.7 billion digital token offering

U.S. authorities said on Friday they have halted a $1.7 billion unregistered digital token offering by the messaging service Telegram Group Inc and its TON Issuer subsidiary.

Fri 11 Oct 19 from Reuters Technology

Cryptocurrency’s bad day continues as the SEC blocks Telegram’s $1.7 billion planned token sale

Cryptocurrency’s bad news day continues to get worse as the U.S. Securities and Exchange Commission has said it has filed an emergency action and received a restraining order for the $1.7 ...

Fri 11 Oct 19 from TechCrunch

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