𝐈𝐍𝐒𝐓𝐀𝐆𝐑𝐀𝐌 f𝐎𝑳𝑳𝐎𝐖𝐄𝐑𝐒 𝐁𝐘:𝐍𝐄𝐓𝐑𝐎2 🇮🇶

𝐈𝐍𝐒𝐓𝐀𝐆𝐑𝐀𝐌 f𝐎𝑳𝑳𝐎𝐖𝐄𝐑𝐒 𝐁𝐘:𝐍𝐄𝐓𝐑𝐎2 🇮🇶

𝐈𝐍𝐒𝐓𝐀𝐆𝐑𝐀𝐌 f𝐎𝑳𝑳𝐎𝐖𝐄𝐑𝐒 𝐁𝐘:𝐍𝐄𝐓𝐑𝐎2 🇮🇶 Telegram | DID YOU KNOW?

At the start of 2018, the company attempted to launch an Initial Coin Offering (ICO) which would enable it to enable payments (and earn the cash that comes from doing so). The initial signals were promising, especially given Telegram’s user base is already fairly crypto-savvy. It raised an initial tranche of cash – worth more than a billion dollars – to help develop the coin before opening sales to the public. Unfortunately, third-party sales of coins bought in those initial fundraising rounds raised the ire of the SEC, which brought the hammer down on the whole operation. In 2020, officials ordered Telegram to pay a fine of $18.5 million and hand back much of the cash that it had raised. Although some channels have been removed, the curation process is considered opaque and insufficient by analysts. Oleksandra Matviichuk, a Kyiv-based lawyer and head of the Center for Civil Liberties, called Durov’s position "very weak," and urged concrete improvements. The picture was mixed overseas. Hong Kong’s Hang Seng Index fell 1.6%, under pressure from U.S. regulatory scrutiny on New York-listed Chinese companies. Stocks were more buoyant in Europe, where Frankfurt’s DAX surged 1.4%. He adds: "Telegram has become my primary news source."
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