Telegram’s Cryptocurrency Kickoff Halted By SEC

An preliminary coin offering by encrypted messaging service Telegram has been halted by a restraining order filed by the US Securities and Trade Commission. In keeping with the SEC on Friday, the emergency motion will quickly stop what it alleges is an unregistered ICO that is already raised $1.7 billion. Round 2.9 billion digital tokens called grams have been sold to 171 purchasers, the SEC alleges.

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All important and formal processes, for instance, KYC will be carried out easily and straightforwardly inside and utilizing the Telegram app by integrating @wallet and Sum&Substance’s system. What’s extra, users want not undergo the hassle of downloading and registering for brand spanking new apps – the latest version of Toncoin is all-inclusive and facilitates Peer-to-Peer transactions. In the meantime, customers need not pay any fees whereas making Toncoin transactions. Suffice to say, the @wallet bot is now a useful and all-inclusive crypto forex that users can access within and using the Telegram app.