Will Telegram delay the launch of its GRAM?

Telegram, the popular instant messaging application with more than 300 million users worldwide, could postpone its plans to launch its cryptocurrency, after the Securities and Exchange Commission (SEC) has metabolized a restraining order to stop the token sales in the United States.

The company, which raised over $ 1,7 billion last year for its own project criptovalutario, he said before investors that he is considering how to resolve the concerns of the US federal agency, which could potentially delay the issuance of tokens beyond the deadline set on October 31st.

The note issued on Bloomberg also recalls that investors purchased the rights for GRAM - the digital coins from Telegram - at a strong discount, with the possibility of reselling them at a "reference price" of $ 3,62, or almost three times the maximum cost of rights, according to the SEC.

The agency said fundraising is not legally valid in the United States because Telegram never registered its offer with the agency.

For its part, Telegram has claimed to have been in talks with the US regulator for the past 18 months, and to be disappointed to discover the SEC's position, whose concerns regarding the cryptocurrency industry are certainly not new.