The 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.
Estimated reading time: 0 minutes, 27 seconds
TON Shuts Down Operations in Wake of SEC Drama
Telegram has pulled the plug on its Telegram Open Network (TON), a crypto-focused subsidiary of the organization. So reports The Verge.
Most Read
-
-
Apr 27 2019
-
Written by FinTech News Brief Staff
The Securities and Exchange Commission announced the concept of digital…
-
-
-
Sep 03 2020
-
Written by FinTech News Brief Staff
The IRS issued new guidance indicating cryptocurrency earned from crowdsourcing-based…
-
-
-
Jan 09 2019
-
Written by FinTech News Brief Staff
Ripple CEO Brad Garlinghouse said cryptocurrency and blockchain stand to…
-
-
-
Sep 21 2018
-
Written by Jacob Roberts
Online software vendor Kashoo is forming focus group to react…
-