New York court does not allow release of Gram for non-US investors

3 months ago
SEC vs Telegram
SEC vs Telegram

SEC won another victory in a case against Telegram. A New York court banned the release of Gram cryptocurrency for non-US investors.

One of the reasons for the refusal is that Telegram cannot guarantee that after entering the secondary market, Gram tokens will not be bought by US residents.

The court also notes that the initial ban of 10/11/2019 concerned the release of cryptocurrency for all investors, without exception, and the lawyers of the messenger have not yet tried to challenge this wording.

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