According to a new document published by the Security of Exchange (SEC) the United States, Telegram organized selling digital tokens in January 2018 to replenish its cash, reports Coindesk.
According to the American stock market policeman,ICO of Telegram, which was presented as a way to finance the development of its blockchain project YOURwas just a pretext to raise funds and avoid a traditional fundraiser.
“In 2017, Durov therefore needed“ cash ”to pay for the Messenger servers and associated services. He considered selling the shares, but decided not to do so, fearing that it would affect the integrity of the business, its values and its ethics. Telegram also did not want to start billing users or selling ads, saying it would hamper its ability to expand its user base and keep up with the competition, "wrote the regulator.
In early 2018, Telegram collected $ 1.7 billion during two private sales for his future digital piece GRAM.
This fall, as Telegram prepares to launch its TON blockchain network, the SEC sued the firm for selling its tokens without first registering the offer in the United States.
Following SEC action, Telegram finally decided to postpone the launch of YOUR and GRAM in spring 2020.
Earlier this month, the case court dismissed the regulator’s request to force Telegram to provide its ICO’s financial statements. The trial is still ongoing.
Mining on RTX 3070. Overclocking, tuning, profitability, consumption: If you are interested in finding more…
Mining with GTX 1660, 1660 Ti, 1660 Super. Overclocking, settings, consumption, profitability, comparisons - If…
Mining with RTX 2070 and 2070 Super. Overclocking, profitability, consumption, comparison What the RTX 2070…
Mining with RTX 3060, 3060 Ti. Limitations, overclocking, settings, consumption, profitability, comparison Let's look at…
Alphacool Eisblock Aurora Acryl GPX-A (2022) with Sapphire Radeon RX 6950 XT Nitro+ Pure in…
In the ever-evolving landscape of business strategy, Bitcoin has emerged as a pivotal asset. With…
This website uses cookies.