TON Info English
SEC and Telegram have agreed to a settlement

This follows from a letter to SEC judge Kevin Castelo, who led the case. A copy of the letter from The Bell. Telegram undertook to abide by the conditions issued by the Commission.
The court ordered the Telegram to return $1.22 bln buyers of tokens Gram.

The company gathered during ICO $1.7 billion.
Telegram (in the face of their companies Telegram Inc. TON and Issuers) have pledged not to violate the securities Act from 1933 in those parts, which, in the opinion of the SEC, was violated during the ICO.

Within three years, the Telegram shall within 45 days notify the SEC prior to release of certain digital assets.
Telegram will pay the SEC a fine of $18.5 million.

#courts

Translated using Yandex.API

3 comments

OMOBOLANLE IBIDUNNI
Am new here
Funto (Plateau)
OMOBOLANLE IBIDUNNI
Am new here
Gram is a cryptocurrency. A feature of Gram is the high speed of transactions. Cryptocurrencies implemented on early blockchain platforms due to the low speed of transactions are more suitable for investment than for use as a payment tool. For inctance, Bitcoin can provide only 7 transactions per second for all users, Ethereum - 15. The Gram blockchain platform is expected to be millions of transactions per second. It is should become a crypto-analog of Visa and Mastercard.

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