• Telegram CEO Pavel Durov is fighting The Man (via TechCrunch Disrupt SF, CC BY 2.0).
    Cryptocurrencies,  Regulation,  United States

    SEC: Telegram lied about its ICO

    The Securities and Exchange Commission is ‘deeply troubled’ by blockchain developer’s refusal to turn over bank records; Telegram condemns the SEC’s ‘scorched earth’ attack on SAFT utility token sales

    January 5, 2020 /

    The U.S. Securities and Exchange Commission asked a judge on Thursday to make messaging service turned blockchain developer Telegram open its books in an effort to stop what it believes is an illegal securities offering. Telegram raised $1.7 billion in the first quarter of 2018 by pre-selling 2.9 million gram tokens.

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