District court in Manhattan imposed a temporary ban on the sale of cryptocurrencies Gram in relation to the Telegram Group Inc and TON Issuer Inc. The plaintiff, a Commission at the securities and exchange Commission (SEC).
The lawsuit States that the defendants sold approximately 2.9 billion tokens Gram 171 investor, including 39 U.S. buyers. This allowed to gain $ 1.7 billion. However, the sale was not registered as a securities transaction as required by the securities Act of the United States from 1933.
Our emergency measures intended to prevent Telegram to flood the US markets with digital tokens, which, we believe, is sold illegally, Stephanie Avakian, co-chair of the SEC enforcement division
Telegram intends to launch a cryptocurrency until 31 October 2019. Otherwise, the company will have to return collected $ 1.7 billion. In early September, a messenger announced that open beta testing of the blockchain Telegram Open Network (TON).
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