The U.S. regulatory ranks Telegram‘s SOUND Token as a violation of the securities laws of any
As a result of the problems in connection with a breach of applicable securities regulations in the United States, the company Telegram asks, the TONE-holders in the country, the Telegram currency GRAM for the admission of immediate withdrawals of Investment amounts
Telegram recommends its investors for the in-house Blockchain-to give the project a jolt and leave the project, to allow instant secure payouts. The company had violated US financial regulations, and hands is now trying to desperately SOUND-to bring the offer before the scheduled Start in 2021 in a dry cloth
Neither Gram-Token, crypto-payments
Yesterday, the day of The Messenger service addressed to the donor of the Telegram Open Network (TON). In this Letter, the company calls a previously declared offer refunds to investors in GRAM-should the Token be. This is now history and also other currencies in the crypto world are not eligible for refunds according to the current state of the question.
In addition, immediate feedback should be refunds now the only Option, which is in actual sense a return of issued tokens to purchase.
Twice Telegram failed attempt, the Start of his platform SOUND to a successful conclusion. The final was now, for the time being on 30.04. achieved. The obligations to investors outside the United States that either immediately 72 % of the investment sums to be paid, or in the spring of 2021 payment in crypto-Coins (ideally in GRAM) in the amount of 110 % of the Investments to be made. This last Option, the group took US investors to back due to the far-reaching conflict with the Securities and Exchanges Commission (SEC), U.S. regulatory authority.
In his circular to the investors Telegram referred to the Gram – or crypto-variant as simply unprofitable in the US market, and writes:
“Unfortunately, we had to meet because of the current discussions of our lawyers with the responsible authorities, the decision to pursue the crypto-payment Option. The reason is the fact that an acceptance on the part of the supervision is not guaranteed.“
Telegram to U.S. investors: please Accept the payment
Bitter for US investors: donors abroad, the possibility of a delayed payment in the year 2021 can take advantage of it and as a Bonus via the SOUND back up. 110 % of the investment sum to get this target group, as I said, as a reward for the patience.
According to the Russian news platform of RBC, have Americans, only the Option of immediate payment in the amount of 72 %, and thus, including a painful loss.
To justify Telegram leads the U.S. Securities Act of 1933. This meant that the alternative can no longer be maintained for donors in the USA in an upright position. Today, Tuesday, 05.05.2020 investors need to have to 17.00 informed, whether you are in the USA or outside resident.
Investors should promptly respond to the E-Mail, because Telegram wish to already 11 to. May the necessary signed withdrawal documents.
The Dilemma around the GRAM-ICO is quite critical for Telegram. Early on, after the first steps to the introduction of the Blockchain platform, the first problems appeared. The violation of applicable securities laws of the United States was certainly the biggest mistake.
A whopping 1.7 billion USD Telegram had collected through its ICO, in 2018, to be a SOUND project. At the time of the Initial Coin Offering, the largest on the market, to EOS with its ICO with 4 billion collected USD more than twice as much money in June of the year 2018.
Telegram hopes, despite the Worry still on the green light for a market launch of the SOUND-Blockchain until 2021, ideally with a benevolent SEC approval.
Until then, investors can keep their capital to some extent, as a kind of credit in the company’s cash, and then 110 % of the sums received – just not U.S. investors.
