The Coin Shark: Telegram is Ready to Postpone the Launch of Cryptocurrency for 5 Months

  • Friday, 18 October 2019 20:41
Telegram Group Inc. lawyers told the Southern District of New York State Court that the company intends to suspend operations with the Gram cryptocurrency for five months until all legal issues are resolved. According to the document, defendants will not sell or transfer their Gram cryptocurrency for at least five months after reaching the relevant agreements. The company also expressed its readiness to notify the commission 30 days before making these operations. Earlier, media reported with reference to sources that the launch of Pavel Durov`s cryptocurrency platform could be postponed for six months or a year. It is supposed to consider the SEC statement, which requires the acceptance of the Gram cryptocurrency as securities at a meeting on October 24. Recall that SEC filed a lawsuit in the District Manhattan court against two companies that were associated with the Telegram ICO on October 11, 2019. Employees of the Securities and Exchange Commission want to recognize the cryptocurrency GRAM illegal and prohibit it in the United States.

Additional Info

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

Disclaimer: As a news and information platform, also aggregate headlines from other sites, and republish small text snippets and images. We always link to original content on other sites, and thus follow a 'Fair Use' policy. For further content, we take great care to only publish original material, but since part of the content is user generated, we cannot guarantee this 100%. If you believe we violate this policy in any particular case, please contact us and we'll take appropriate action immediately.

Our main goal is to make crypto grow by making news and information more accessible for the masses.