Telegram-CEO gives up after defeat against SEC TONE and Token Gram

A few days after the publication of a free block Chain Version of the SOUND Community Telegram made the decision.

Telegram has been known to read his plans for the Start of the Telegram Open Network (TON) and Gram-Token ad acta.

Telegram CEO Pavel Durov informed of a notice from 12. May with that the TONE of the project as well as the scheduled Gram-Token against the Background of the conflict with the US Securities and Exchanges Commission (SEC) was no longer feasible.

The post with the Heading “What was that SOUND and why is it over?” the Telegram-CEO by the court decision from March, 2020, which is for him the reason for the closure of the two projects SOUND and Gram speaks.

“The US court has informed, Gram could be sold not only in the United States, but worldwide. Why? Simply because according to the justice of the US citizens after the Opening of a way to access the SOUND platform could find,“ wrote Durov.

Therefore, it is prohibited by a court decision, the global distribution of the Token Gram, under what head of the company expresses some criticism. So it means:

“This court decision requires that it is lacking in other countries the necessary sovereignty, to decide between Good and Evil for its own population.”

According to Durov SOUND was developed to help the concept of decentralisation on the jumps. It was a key concept that is represented, among others, of the groundbreaking crypto-currencies like Bitcoin (BTC) and Ethereum (ETH) ends. The U.S. government prevented the TONE-Start.

Although the United States is, in many financial and technology issues the world leader; Durov considers that the decisions of the local regulation is not likely to crop authorities, the sovereignty in the Rest of the world.

After Durovs but this happens exactly when an authority than the American “decision makers” only four percent of the population in the world, a mandate, and yet decisions in the US cases, for the 96% of the world’s population outside of the United States relevance.

Durov blames the SEC and the orders of the court, when he says:

“Would impose the United States, suddenly, a coffee ban, and at the same time, the closure of the Italian coffee shops are calling, just because some Americans could visit in Italy, the shops – such a proposal would certainly not consent.”

• Than anything for Telegram collapse began

2017 Telegram had announced its plans to TONE Blockchain and Token Gram known. At the beginning of 2018, the volume of 1.7 billion dollars, then one of the largest ICOs of the previous crypto-history, followed up with a total.

A few days before the SOUND-Blockchain-starting in October 2019, the allegations of the SEC came to a supposed violation of U.S. law in connection with the issue of non-registered securities. In March 2020, a court in the US upheld the SEC’s Position and the prohibition of the Start of the Telegram network.

If Durov published refund schedules for investors, was followed by a timely release to a group of developers and validators to their own concepts. On 7. In may, it was announced that the “Free SOUND Community,” a free and independent Version of the SOUND Blockchain would like to go. Also on 7. In may, submitted a Telegram with a statement with the court, which related to the provision of documents to the ICO and any other contracts with the SEC to.

But there have been reports on the termination of the SOUND project on the part of the company. The Telegram became known generally speaking, not part of the Free SOUND-Blockchain going.

Show needs to be developed, how the Plan for the disbursements to the investors, with particular reference to the question of whether investors are more likely to opt for the immediate overpayment of 72% of their capital or the refund in April 2021 in the amount of 110%.