RATE Group | Telegram Offers to Postpone Launch of the TON Network
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Telegram Offers to Postpone Launch of the TON Network

19 Oct Telegram Offers to Postpone Launch of the TON Network

Posted at 03:52h in Bitcoin News by

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Telegram Offers to Postpone Launch of the TON Network

Telegram, which was surprised with a last minute restraining order on the sale of its tokens in the U.S., is now ready to delay the launch of the TON network until the spring of next year. The company has informed the New York court reviewing the case that it can suspend all operations with grams until the legal issues around the coin offering are resolved.

Also read: 104 Addresses Hold 70% of Tether, Research Reveals

Messenger to Halt Operations With Grams

Lawyers representing Telegram Group and its wholly-owned subsidiary, Ton Issuer Inc., have filed documents containing their clients’ proposal to the District Court for the Southern District of New York, Tass reported. The entities behind the Telegram Open Network (TON) have also expressed disagreement with some of the demands put forward by the U.S. Securities and Exchange Commission (SEC).

On October 11, the regulator announced that it had obtained a temporary restraining order for Telegram’s ICO. The…

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