Telegram SOUND offer is existentially threatened because the SEC requires the submission of documents to the ICO from the year 2018
Telegram handed in now, court records in connection with an Agreement for the submission of documents for Initial Coin Offering (ICO) in the year 2018
Telegram of the US Securities and Exchanges Commission (SEC) will hand over all necessary documents with respect to the Initial Coin Offering (ICO). In the year 2018, the platform, wrapped by the Token sale from collected by private investors and companies, with more than 1.7 billion dollars.
The communication App got it also with legal consequences to do so after the SEC of the Start of the Telegram Open Network (TON) sub-band. According to the official view, it was not a licensed Token sale by Telegram. This is the opinion also of the New York district court took with the case considered, the magistrate judge P. Kevin Castel.
The result was a 24. March 2020 in the context of a preliminary injunction, which led for the First to Telegram his SOUND-Blockchain-plans for a Start up to 30. April had to be temporarily buried.
Probably in their own interest, Telegram filed a signed Declaration of consent. Thus, the company agrees, to the SEC Material, and documents. The documents are now passed so that the authority gets an insight into the sales-consensus and Token distribution.
According to Inner City Press, the managers presented the Declaration at 7. May – and probably not coincidentally, on the day on which the CLAY Community is known, a free SOUND-Blockchain hang up.
Telegram also reported to his investors report on the possibilities for the refund of their deposits. Investors who are not in the USA at home, can now make an optional repayment, in the amount of 72% to leave or endure, and to leave the investments as a loan to the company. For it beckons in April, 2021, as a Quasi-reward a payout of 110 %. The US donors did not have this choice and must accept immediate payout of 72% of their totals.
Details should open up the documents of the regulatory authority, among other things, generally to the Gram-Token. In addition, information on sales and contract agreements to be included in the submitted documents.
Telegram is explained further, about “all the first-time buyer according to the purchase contract issued assets as well as Assets, the initial purchaser at the termination of the contracts of sale were” to be made available. The information should be 20 at the latest. In may 2020, is available and all relevant ICO financial documents.
The timing of the submission of documents falls into a Phase in which there had previously been a “devastating attack” on Telegram, like platform’s founder, Pavel Durov, on 07. May in a Posting said.
In a Russian-speaking Post, the Telegram-CEO, the United States were for IT, Blockchain and crypto-pioneer is no longer an interesting site. The United States is, rather, a “police state”. For Durov India is much more attractive than the Silicon Valley Startups is the creation of new technology.
Pavel Durov formulated in his commentary, in the end, even a Plan with “Seven reasons not to (Silicon) Valley to draw”. An official opinion on the free SOUND Blockchain is still.
