October 14 - 12:10
52D
SEC takes emergency action over Telegram's planned $1.7 billion ICO
The SEC has filed a temporary block on Telegram's planned $1.7 billion Initial coin offering (ICO), to prevent "flooding the U.S. with digital tokens" that the SEC alleges were "unlawfully sold", said Stephanie Avakian, co-director of the SEC’s enforcement division. Telegram has until the end of October to launch its blockchain network - allowing anyone to buy the "gram" currency.
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