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Telegram is postponing its token sale, and it’s still not happy with the SEC

Telegram is postponing its token sale, and it’s still not happy with the SEC

Telegram has respected the US Securities and Exchange Commission over the clearance of its Gram tokens, until further notice. 

As indicated by a court recording submitted not long ago, Telegram has consented to quit selling its Gram tokens. 

"Wire has consented to stipulate that it won't make any offers, deals, or conveyances of its normal cryptographic money, called "Grams," so as to keep up the state of affairs until this Court can resolve the legitimate issues at the core of the issue," the archive peruses. 

Telegram promises to finish messy launch of its ‘cryptocurrency’ Gram by October 31

Wire keeps on contradicting the SEC about whether its Gram token is a security. All things considered, it says the SEC shouldn't have the option to demand it to create archives about its blockchain venture. 

The move comes because of the SEC's solicitation for Telegram to go into a primer directive which would avert the informing application from selling its tokens. 

By deliberately stopping the deal and conveyance of Gram tokens, Telegram says the order is never again required. All things considered, it's requesting that the court deny the SEC's movement for an order. 

With all that stated, it would seem that informing application's token dispatch won't adhere to its supposed calendar. In August, Telegram vowed to begin conveying the primary bunches of the Gram tokens to speculators by October 31. 

By deliberately ending the circulation of its token, Telegram still has a touch of command over how it can recommence its arrangements. In the event that a directive were to be forced, it could blow an inconvenient set-back to Telegram's arrangements.

Telegram token sale could enable more cryptocurrency-funded terrorism

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