Purchasers of the Grams would then be able to resell them on the open market in sales that would be facilitated by Telegram and its affiliates. — AFP
US securities regulators won an emergency court order to block the messaging application Telegram Group from raising funds by selling unregistered cryptocurrency to investors.
The US Securities and Exchange Commission said Telegram sold 2.9 billion digital tokens called "Grams" without registering the tokens as securities and disclosing risks to investors.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
