- In April, State Duma appointees Dmitry Ionin and Fedor Tumusov put in a bill to revoke the ban on the Telegram messenger in Russia.
- Telegram founder Pavel Durov comes out in support of bill through an official post on his channel on June 4, 2020.
In April, State Duma appointees Dmitry Ionin and Fedor Tumusov put in a bill to revoke the ban on the Telegram messenger in Russia. Pavel Durov, Telegram founder supported the bill through an official post on his channel on June 4, 2020.
With the full classification of correspondence, Telegram’s security arrangement has created components to forestall terrorist assaults far and wide. However, The Ministry of Communications in Russia did not support the unblocking of Telegram.
TELEGRAM and SEC: The Lost Battle
Telegram Open Network (TON) is a blockchain foundation of Telegram texting framework from the group of Pavel Durov.
Telegram is a privately owned “Messenger,” a quick messaging app with over 300 million customers who have gained recognition within the cryptocurrency network. In January 2018, the business began raising funds to finance its tasks as well as also the improvement of its blockchain, the “Telegram Open Network” or “TON Blockchain.” The TON Blockchain anticipated becoming a blockchain across which customers will have the choice to trade and exchange Grams, the native token of the Company. Throughout its proposal, the Company raised about $1.7 billion and promoted 2.9 billion Grams to investors globally.
Still A ray of Hope For TON?
TON Blockchain set to launch in 2019. However, on October 11, 2019, SEC moved to the courts for a preliminary injunction against Telegram Group. TON had engrossed in an unregistered tendering of securities by trading “Grams,” a digital token, to investors which infringed the Securities Act of 1933 (the “Securities Act”). As SEC won the preliminary injunction, the Telegram founder Pavel Durov, suspended the TON project. He also mentioned that the world might see networks based on the technology that built for TON, but the Telegram group would not associate with it in any way. Therefore the TON project for the Telegram group has desisted.