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Telegram has pulled the plug on its Telegram Open Network (TON), a crypto-focused subsidiary of the organization. So reports The Verge.

end 139849 640smallThe move comes after “years of drama” with the SEC. Recently, Telegram was forced to halt the sale of its Gram currency after it was cited for failing to register a $1.7 billion sale of the tokens ahead of the network’s launch. The platform was designed to offer a decentralized cryptocurrency similar to the developing, and also highly scrutinized, Libra project from Facebook.

Read the full article from The Verge.

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