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Gram

1410, 2019

SEC halts Telegram token sale, labels ‘Grams’ as securities

|14 Oct 2019|News|

The SEC has taken abrupt action to halt the Telegram token sale just weeks before the company planned to launch its ‘Gram’ token. The crowdsale, which raised over $1.7 billion from institutional and accredited investors in the form of SAFT agreements, may have constituted the sale of an unregistered digital token offering.

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