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Telegram allowed that TON launch could be postponed for six months or a year

Telegram allowed that TON launch could be postponed for six months or a year
The team wants to resolve disputes with the US regulator during this time, sources said.
https://preview.redd.it/rrrqk7690xs31.png?width=745&format=png&auto=webp&s=62af6f03415eaff2307ed73711fba639c441d6a9
Telegram may postpone the launch of the TON blockchain platform for six months or a year due to an injunction in the United States. About this, Forbes told two project investors.
According to one of the interlocutors of the publication, the team of the founder of Telegram, Pavel Durov, is confident that during this time, he will be able to resolve all disputed issues with the US Securities and Exchange Commission (SEC).
The Telegram management will make the final decision after the court on October 24 considers the SEC statement to suspend the release of the Gram cryptocurrency. Up to this point, Telegram representatives will limit their communication with investors, said the source of the publication, close to the team of Durov.
On October 11, the US Securities and Exchange Commission secured a temporary injunction against the issuance and further sale of Gram tokens in the United States by Telegram Group and TON Issuer. SEC insists that Gram is a security, which means issuing it involves issuing a prospectus and disclosing information about the financial condition, management, and risk factors.
Telegram planned to launch the TON blockchain platform by October 31. Otherwise, the company promised to return the invested $ 1.7 billion to investors. However, The Bell writes that Telegram management can avoid the need to return the investment since the agreement classifies the SEC ban as force majeure.
Officially, Telegram representatives did not comment on the cryptocurrency ban.
You can find more information about the stock market, commodity market, and FOREX on the ITRADER site.
This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.16% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Legal Information: ITRADER is operated by Hoch Capital Ltd., a Cypriot Investment Firm (CIF), authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 198/13, in accordance with the Markets in Financial Instruments Directive (MiFID II).
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Telegram allowed that TON launch could be postponed for six months or a year

Telegram allowed that TON launch could be postponed for six months or a year
The team wants to resolve disputes with the US regulator during this time, sources said.
https://preview.redd.it/v27xl5xh0xs31.png?width=810&format=png&auto=webp&s=577119d8ca9968e2e329afb4bc0807b14a72655e
Telegram may postpone the launch of the TON blockchain platform for six months or a year due to an injunction in the United States. About this, Forbes told two project investors.
According to one of the interlocutors of the publication, the team of the founder of Telegram, Pavel Durov, is confident that during this time, he will be able to resolve all disputed issues with the US Securities and Exchange Commission (SEC).
The Telegram management will make the final decision after the court on October 24 considers the SEC statement to suspend the release of the Gram cryptocurrency. Up to this point, Telegram representatives will limit their communication with investors, said the source of the publication, close to the team of Durov.
On October 11, the US Securities and Exchange Commission secured a temporary injunction against the issuance and further sale of Gram tokens in the United States by Telegram Group and TON Issuer. SEC insists that Gram is a security, which means issuing it involves issuing a prospectus and disclosing information about the financial condition, management, and risk factors.
Telegram planned to launch the TON blockchain platform by October 31. Otherwise, the company promised to return the invested $ 1.7 billion to investors. However, The Bell writes that Telegram management can avoid the need to return the investment since the agreement classifies the SEC ban as force majeure.
Officially, Telegram representatives did not comment on the cryptocurrency ban.
You can find more information about the stock market, commodity market, and FOREX on the ITRADER site.
This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.16% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Legal Information: ITRADER is operated by Hoch Capital Ltd., a Cypriot Investment Firm (CIF), authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 198/13, in accordance with the Markets in Financial Instruments Directive (MiFID II).
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Telegram publishes Grams cryptocurrency wallet rules

Telegram publishes Grams cryptocurrency wallet rules
Transactions will go through the TON blockchain platform, but the messenger is not responsible for them.
https://preview.redd.it/zx5z7i8x8or31.png?width=745&format=png&auto=webp&s=24da4ef47ccaf3be3a40d5a00e676f3d27a340fd
Telegram has published on its website the rules for using the cryptocurrency wallet Grams Wallet. According to the document, Grams Wallet will be built into the messenger, and also released as a separate application. Among the terms of the agreement:
Wallet users must be over 18 years old. The app will not be able to persons who are under sanctions or reside in countries that are sanctioned. The type of sanctions in question is not specified.
Telegram has the right to change the terms of the agreement - the new rules will come into force from the moment of publication. Grams Wallet users should only use the application within the law.
The messenger will not store personal data and passwords from Grams Wallet, so it will not be able to help restore the account if necessary.
Telegram will be able at any time and for any reason to disable the account or user access to it.
All transactions will be checked and recorded on the blockchain, but Telegram denies control over the TON blockchain platform and, therefore, cannot guarantee transaction confirmation. The platform may charge a commission - Telegram is not responsible for these fees.
The user will be able to use the Grams Wallet "at their own risk." Telegram makes no warranties and completely disclaims liability for user losses above $ 10, data loss, and other possible problems.
Telegram is also not responsible for any losses associated with the use of third-party services by users when working with Grams Wallet.
Users will need to independently resolve all tax issues that may arise when using Grams Wallet. Telegram first mentioned the TON blockchain platform at the end of September 2019, announcing contests for developers and designers.
You can find more information about the stock market, commodity market, and FOREX on the ITRADER site.
This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.16% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Legal Information: ITRADER is operated by Hoch Capital Ltd., a Cypriot Investment Firm (CIF), authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 198/13, in accordance with the Markets in Financial Instruments Directive (MiFID II).
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US Treasury: Cryptocurrency is a national security issue

US Treasury: Cryptocurrency is a national security issue
In the run-up to Tuesday’s speech by David Markus, head of the blockchain division of Facebook in Congress. US Treasury Secretary Steven Mnuchin held a press conference at which he stated that the Trump administration had “severe doubts” about both the digital currency Libra and Bitcoin and another cryptocurrency in general, according to Bloomberg.

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In particular, Mnuchin said that digital currencies could contribute to money laundering and other illegal activities, and also promised that the US Treasury would make every effort to counter violators of the law.
“This is indeed a national security issue,” Mnuchin said in a briefing for reporters at the White House. “We will not allow digital asset service providers to operate in the shadows.”
The minister did not mention any specific measures that the department intends to take, but many of his words were spoken in unison with the statements made last week by US President Donald Trump.
“Bitcoin is highly volatile and based on thin air,” Mnuchin said. “We are concerned about the speculative nature of Bitcoin and will make sure that the US financial system is protected from fraud.”
He also added that he plans to discuss this “problem” during the G-7 summit which will be held this week in France, noticing that extensive discussions on this issue are already underway with Fed Chairman Jerome Powell.
Earlier on Monday, David Marcus published a written version of his upcoming speeches in the US Congress.
In particular, he noticed that the activities of the Libra Association consortium would be regulated by the Swiss Financial Market Supervision Authority (FINMA), and the launch of the Libra project will take place only after doubts of regulators have been dispelled.
You can find more information about the stock market, commodity market, and FOREX on the ITRADER site.
This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. Past performance is not a reliable indicator of future results.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 87.07% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Legal Information: ITRADER is operated by Hoch Capital Ltd., a Cypriot Investment Firm (CIF), authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 198/13, in accordance with the Markets in Financial Instruments Directive (MiFID II).
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Ex-head of mining giant Bitmain has launched a new cryptocurrency startup

Ex-head of mining giant Bitmain has launched a new cryptocurrency startup
The former head of the Chinese company Bitmain Jihan Wu, together with some ex-employees of the mining giant, has launched a new platform for over-the-counter trading, lending and storage of digital assets, Bloomberg reports.
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So, according to the CEO of the site called Matrixport Ge Yuesheng, it began to work this Monday, July 8. He also said that the idea of its creation appeared in January amid financial problems of Bitmain.
Then the company fired dozens of employees, many of whom later became part of the Matrixport team. Nevertheless, Yuesheng noted that the new platform is not going to compete with Bitmain in any way.
“We are closely tied to Bitmain by our origin,” Ge, a Bitmain shareholder himself, said in an interview. “But because we operate in different businesses, we are partners rather than competitors.”
The site intends to compete with other companies. The organization is registered in Singapore, which, according to Yuesheng, will allow it to circumvent the ban on trading cryptocurrencies in the PRC. At the moment, the Matrixport team has about a hundred people, and Jihan Wu is one of the largest investors.
Recall that Jihan Wu intends to leave the leading post in Bitmain and it became known at the beginning of the year. However, he retained the right to vote on issues of strategic importance to the company.
Later, the media reported that Wu intends to launch a startup specializing in over-the-counter trading, lending, and custody solutions by the end of July.
You can find more information about the stock market, commodity market, and FOREX on the ITRADER site.
This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. Past performance is not a reliable indicator of future results.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 87.07% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Legal Information: ITRADER is operated by Hoch Capital Ltd., a Cypriot Investment Firm (CIF), authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 198/13, in accordance with the Markets in Financial Instruments Directive (MiFID II).
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Nicolas Maduro ordered the largest bank in Venezuela to accept El Petro

Nicolas Maduro ordered the largest bank in Venezuela to accept El Petro
The largest bank in Venezuela, Banco de Venezuela, will begin to accept the national cryptocurrency El Petro. The corresponding order was given by President Nicolas Maduro, according to CCN.
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Thus, the head of state issued an “urgent decree on the opening of Petro terminals in all branches of the Bank of Venezuela.” Note, there are about 790 Banco de Venezuela branches in the country.
In the local crypto community, the news was faced with enthusiasm:
“It is a bold and correct decision to move forward towards a hybrid economy where the fiduciary currency of a country competes face to face with cryptocurrency,” José Angel Alvarez, president of the National Cryptocurrency Association said.
“We should also note that Banco de Venezuela is the most important bank in the Venezuelan financial system and has the most significant number of clients. With this decision, this bank would become one of the exchanges with more physical offices in the world,” he added.
Recall, Venezuelan President Nicolas Maduro said for the first time about the creation of digital currency El Petro, which, presumably, should be provided with oil produced in the country, in early December 2017.
Later, by order of the president, some Venezuelan enterprises were obliged to make deals using El Petro, and then Nicolas Maduro announced that the country would have a new wage and price system tied to the national cryptocurrency.
You can find more information about the stock market, commodity market, and FOREX on the ITRADER site.
This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. Past performance is not a reliable indicator of future results.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 87.07% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Legal Information: ITRADER is operated by Hoch Capital Ltd., a Cypriot Investment Firm (CIF), authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 198/13, in accordance with the Markets in Financial Instruments Directive (MiFID II).
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Cyprus SEC Embraces Blockchain Despite Unregulated Status of Crypto

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