SEC has provided evidence of the sale of token-Telegram after expiry of $1.7 billion. ICO
Commission at the securities and exchange Commission (SEC) on Friday filed new documents against the Telegram, according to which the company was engaged in the sale of tokens after the end of ICO. Thus, the regulator seeks to prove that the application Telegram is no longer necessary in compliance with the requirements for the registration proposal is not baseless. Investment Fund Da Vinci Capital and the company Gem Limited has requested a reward of $209 783 and $1.1 million, respectively, for "post-sales" agreements for the purchase of tokens, the document says.
The arguments of the SEC in the case that the rule D Telegram measures must be taken, so that buyers did not sell securities for a Commission.
According to the regulator, companies that billed Telegram, violated this rule. In turn, the Telegram denies it, claiming that the fee was a fee for the search of funds for non-us individuals and legal entities for the provision of Gram to other investors.
In October last year, the SEC filed a lawsuit against the Telegram, demanding to cancel the launch of the TON. The next meeting in court between the parties to the case will be held on 18-19 February 2020.
coindesk.com/sec-produces-evidence-that-telegram-kept-selling-tokens-after-1-7b-ico
#TON #crypt #courts
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Commission at the securities and exchange Commission (SEC) on Friday filed new documents against the Telegram, according to which the company was engaged in the sale of tokens after the end of ICO. Thus, the regulator seeks to prove that the application Telegram is no longer necessary in compliance with the requirements for the registration proposal is not baseless. Investment Fund Da Vinci Capital and the company Gem Limited has requested a reward of $209 783 and $1.1 million, respectively, for "post-sales" agreements for the purchase of tokens, the document says.
The arguments of the SEC in the case that the rule D Telegram measures must be taken, so that buyers did not sell securities for a Commission.
According to the regulator, companies that billed Telegram, violated this rule. In turn, the Telegram denies it, claiming that the fee was a fee for the search of funds for non-us individuals and legal entities for the provision of Gram to other investors.
In October last year, the SEC filed a lawsuit against the Telegram, demanding to cancel the launch of the TON. The next meeting in court between the parties to the case will be held on 18-19 February 2020.
coindesk.com/sec-produces-evidence-that-telegram-kept-selling-tokens-after-1-7b-ico
#TON #crypt #courts
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the court ordered the Telegram to disclose financial information on ICO project TON
Court for the southern district of new York ordered the company Telegram to disclose the Bank's records until February 26. The decision was made by the same judge who a few days before refused a Fee at the securities and exchange Commission (SEC) requirement to provide financial information about the project TON, according to Finance Magnets.
"Telegram does not even mention the names of countries whose laws may apply, and does not refer to any specific data privacy laws", — said the Agency.
Earlier in the SEC called the requested documents was a "very important" to the proceedings.
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Court for the southern district of new York ordered the company Telegram to disclose the Bank's records until February 26. The decision was made by the same judge who a few days before refused a Fee at the securities and exchange Commission (SEC) requirement to provide financial information about the project TON, according to Finance Magnets.
"Telegram does not even mention the names of countries whose laws may apply, and does not refer to any specific data privacy laws", — said the Agency.
Earlier in the SEC called the requested documents was a "very important" to the proceedings.
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Finance Magnates
NY Court Orders Telegram to Reveal Its ICO Bank Records
According to a court order dated Monday, federal judge Kevin Castel ordered encrypted messaging app Telegram to disclose bank records by February 26.
Exchange Liquid returns money to users who have purchased Gram
The users who purchased tokens at the exchange Liquid, today I received an email from the site in which it was reported that the sale of tokens Gram in Liquid were cancelled and that all money held in the guarantee Deposit Liquid returned to the user uchastvovali in IEO.
The website of the company Gram Asia, which provided token-exchange Liquid, closed with a message that the refund for the tokens Gram completed.
https://cryptonomist.ch/2020/01/15/liquid-cancella-token-sale-gram/amp/
#Ton #crypt
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The users who purchased tokens at the exchange Liquid, today I received an email from the site in which it was reported that the sale of tokens Gram in Liquid were cancelled and that all money held in the guarantee Deposit Liquid returned to the user uchastvovali in IEO.
The website of the company Gram Asia, which provided token-exchange Liquid, closed with a message that the refund for the tokens Gram completed.
https://cryptonomist.ch/2020/01/15/liquid-cancella-token-sale-gram/amp/
#Ton #crypt
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Telegram and the SEC asked the court to expedite consideration of the dispute on the cryptocurrency
The Commission on securities and stock exchanges of the USA and Telegram asked the district court of the state of new York to rule on their dispute in an expeditious manner, stated in the motions filed by the parties.
Position Telegram
According to Telegram, the decision to ban the production of Gram contradicts statements made by the SEC's desire to cooperate with the developers: "the regulator's Decision was criticized as legislators of the United States and one of the members of the SEC." The company also accused the SEC that the regulator failed to provide clear regulation in this area, and condemned her for the publication of the correspondence between the representatives of the Telegram and investors.
the position of the SEC
The SEC continues to insist that investors expect to earn on the resale of Gram to run TON, and the company Durova knew about the gray market. The SEC also accuses Telegram in selling tokens after the end of the collection investment.
And the main question: is Gram securities and, as a consequence, whether it's legislation on securities.
https://www.vedomosti.ru/technology/articles/2020/01/17/820816-sec-telegram
#TON #crypt #courts
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The Commission on securities and stock exchanges of the USA and Telegram asked the district court of the state of new York to rule on their dispute in an expeditious manner, stated in the motions filed by the parties.
Position Telegram
According to Telegram, the decision to ban the production of Gram contradicts statements made by the SEC's desire to cooperate with the developers: "the regulator's Decision was criticized as legislators of the United States and one of the members of the SEC." The company also accused the SEC that the regulator failed to provide clear regulation in this area, and condemned her for the publication of the correspondence between the representatives of the Telegram and investors.
the position of the SEC
The SEC continues to insist that investors expect to earn on the resale of Gram to run TON, and the company Durova knew about the gray market. The SEC also accuses Telegram in selling tokens after the end of the collection investment.
And the main question: is Gram securities and, as a consequence, whether it's legislation on securities.
https://www.vedomosti.ru/technology/articles/2020/01/17/820816-sec-telegram
#TON #crypt #courts
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Pavel Durov two days interrogated in Dubai
The interrogation, which was held on January 7-8 in Dubai, really took place. The Bell found the transcripts — the document says that the actor two days in a row was explaining to the SEC lawyers how much money he spent on the Telegram and TON, why the ICO decided to spend much spent on equipment and why not consider Gram securities.
Durov's position during the interrogation was the fact that Gram — not a valuable paper and digital currency, and a large number of investors needed to Finance the purchase of equipment, and in order to ensure the sustainability of the future blockchain platform. Team TON, according to him, it was necessary to attract a sufficient number of investors in order to launch blockchain at least some of them could become validators, at least two dozen.
https://thebell.io/pavla-durova-dva-dnya-s-pristrastiem-doprashivali-v-dubae/
#TON #crypt #courts
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The interrogation, which was held on January 7-8 in Dubai, really took place. The Bell found the transcripts — the document says that the actor two days in a row was explaining to the SEC lawyers how much money he spent on the Telegram and TON, why the ICO decided to spend much spent on equipment and why not consider Gram securities.
Durov's position during the interrogation was the fact that Gram — not a valuable paper and digital currency, and a large number of investors needed to Finance the purchase of equipment, and in order to ensure the sustainability of the future blockchain platform. Team TON, according to him, it was necessary to attract a sufficient number of investors in order to launch blockchain at least some of them could become validators, at least two dozen.
https://thebell.io/pavla-durova-dva-dnya-s-pristrastiem-doprashivali-v-dubae/
#TON #crypt #courts
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Digital chamber of Commerce will participate in a legal battle with the SEC Telegram
She wants to become an independent party in the case, which inform the court on the issues raised in the proceedings.
"We respectfully request that the Court confirmed that the digital asset is not a security solely because it is in digital form or registered in the database of the blockchain".
tginfo.me/battle-with-sec
#TON #crypt
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She wants to become an independent party in the case, which inform the court on the issues raised in the proceedings.
"We respectfully request that the Court confirmed that the digital asset is not a security solely because it is in digital form or registered in the database of the blockchain".
tginfo.me/battle-with-sec
#TON #crypt
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The SEC issued a new Memorandum, which refers to the doubt that the command of the messenger, in principle, prepared to launch the revolutionary blockchain in the form in which it was promised to investors.
In the new Memorandum, the regulator says: not the fact that TON, according to the developers, ready, because there's no proof. Moreover, even if something Telegram and ready, most likely, the product will not match the promises of the developers from white paper and other documents that are offered to investors. SEC this conclusion is made based on the opinions of experts.
Investors Telegram, spoke The Bell, I believe in the success of TON and are confident that the blockchain will be ready in time. That investors are not disappointed in the project, speak and vote, which Telegram held in October: the majority of individual investors and the funds agreed with the postponement of the launch in April and did not demand the return of their money.
https://thebell.io/sec-zasomnevalas-v-sposobnosti-telegram-zapustit-revolyutsionnyj-blokchejn/
Full version Memorandum in English document on @infotonen
#TON #crypt #courts
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In the new Memorandum, the regulator says: not the fact that TON, according to the developers, ready, because there's no proof. Moreover, even if something Telegram and ready, most likely, the product will not match the promises of the developers from white paper and other documents that are offered to investors. SEC this conclusion is made based on the opinions of experts.
Investors Telegram, spoke The Bell, I believe in the success of TON and are confident that the blockchain will be ready in time. That investors are not disappointed in the project, speak and vote, which Telegram held in October: the majority of individual investors and the funds agreed with the postponement of the launch in April and did not demand the return of their money.
https://thebell.io/sec-zasomnevalas-v-sposobnosti-telegram-zapustit-revolyutsionnyj-blokchejn/
Full version Memorandum in English document on @infotonen
#TON #crypt #courts
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The Bell
SEC засомневалась в способности Telegram запустить революционный блокчейн
Судебное разбирательство между Комиссией по ценным бумагам и биржам США (SEC) и Telegram набирает обороты: стороны выступили с обновленными позициями. Из меморандума SEC становится понятно, что она не
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SEC issued a new Memorandum
In it the regulator has expressed doubt that the command of the messenger, in principle, prepared to launch the revolutionary blockchain in the form in which it was promised to investors.
In the new Memorandum, the regulator says: not the fact that TON, according to the developers, ready, because there's no proof. Moreover, even if something Telegram and ready, most likely, the product will not match the promises of the developers from white paper and other documents that are offered to investors. SEC this conclusion is made based on the opinions of experts.
Investors Telegram, spoke The Bell, I believe in the success of TON and are confident that the blockchain will be ready in time. That investors are not disappointed in the project, speak and vote, which Telegram held in October: the majority of individual investors and the funds agreed with the postponement of the launch in April and did not demand the return of their money.
https://thebell.io/sec-zasomnevalas-v-sposobnosti-telegram-zapustit-revolyutsionnyj-blokchejn/
Full version Memorandum in English document on @infoton
#TON #crypt #courts
Translated using Yandex.API
In it the regulator has expressed doubt that the command of the messenger, in principle, prepared to launch the revolutionary blockchain in the form in which it was promised to investors.
In the new Memorandum, the regulator says: not the fact that TON, according to the developers, ready, because there's no proof. Moreover, even if something Telegram and ready, most likely, the product will not match the promises of the developers from white paper and other documents that are offered to investors. SEC this conclusion is made based on the opinions of experts.
Investors Telegram, spoke The Bell, I believe in the success of TON and are confident that the blockchain will be ready in time. That investors are not disappointed in the project, speak and vote, which Telegram held in October: the majority of individual investors and the funds agreed with the postponement of the launch in April and did not demand the return of their money.
https://thebell.io/sec-zasomnevalas-v-sposobnosti-telegram-zapustit-revolyutsionnyj-blokchejn/
Full version Memorandum in English document on @infoton
#TON #crypt #courts
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the SEC said the lack of intrinsic value Gram, comparing tokens with gold and donuts
The Commission on securities and stock exchanges of the USA reiterated that the tokens blockchain-TON platform are securities. The Telegram attempted to call their product a Fee called the desire "to avoid the economic truth."
In the new Memorandum, the SEC notes that Gram has no intrinsic value and they never "are not tangible". The Commission also stressed that the tokens are a TON of the draft "computer code, confirming the right of ownership of the asset":
"Gram — not a commodity. Unlike gold, comics or doughnuts Krispy Kreme products that Telegram compares with Gram — has no intrinsic value. It depends on the efforts of the Telegram on the creation of the blockchain and ecosystem"," — the document says.
https://forklog.com/sec-zayavila-ob-otsutstvii-vnutrennej-tsennosti-gram-sravniv-tokeny-s-zolotom-i-ponchikami/amp/
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The Commission on securities and stock exchanges of the USA reiterated that the tokens blockchain-TON platform are securities. The Telegram attempted to call their product a Fee called the desire "to avoid the economic truth."
In the new Memorandum, the SEC notes that Gram has no intrinsic value and they never "are not tangible". The Commission also stressed that the tokens are a TON of the draft "computer code, confirming the right of ownership of the asset":
"Gram — not a commodity. Unlike gold, comics or doughnuts Krispy Kreme products that Telegram compares with Gram — has no intrinsic value. It depends on the efforts of the Telegram on the creation of the blockchain and ecosystem"," — the document says.
https://forklog.com/sec-zayavila-ob-otsutstvii-vnutrennej-tsennosti-gram-sravniv-tokeny-s-zolotom-i-ponchikami/amp/
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gov.uscourts.nysd.524448.113.0.pdf
326.6 KB
Full SEC Memorandum in English
Investors TON filed in the U.S. court of mediation confidentiality lichnostei
Six investors have invested money in the blockchain TON of Pavel Durov, has filed a petition for non-disclosure of persons in judicial proceedings, Telegram and SEC. Investors are asked to prevent the disclosure of names and trade secrets of investors – third parties connected with the company Pavel Durov.
https://www.vedomosti.ru/technology/news/2020/02/05/822347-ton-podali?ref=vc.ru
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Six investors have invested money in the blockchain TON of Pavel Durov, has filed a petition for non-disclosure of persons in judicial proceedings, Telegram and SEC. Investors are asked to prevent the disclosure of names and trade secrets of investors – third parties connected with the company Pavel Durov.
https://www.vedomosti.ru/technology/news/2020/02/05/822347-ton-podali?ref=vc.ru
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Forwarded from Telegram Info English
Nicholas Durov told about the mechanism of validation units TON
In TON, no more than 100 validators for the main chain and from 10 to 30 for each sardhana. According to tests carried out in 2018, the block can be generated every five seconds, each time going through the process of full harmonization.
Read more: tginfo.me/ton-catchain-en
#TON #crypt
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In TON, no more than 100 validators for the main chain and from 10 to 30 for each sardhana. According to tests carried out in 2018, the block can be generated every five seconds, each time going through the process of full harmonization.
Read more: tginfo.me/ton-catchain-en
#TON #crypt
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Telegram Info
Telegram published information on the TON blockchain consensus algorithm
Information on the TON blockchain consensus algorithm has been published on test.ton.org. The Byzantine Fault Tolerant (BFT) PoS algorithm is called Catchain and is similar to the NEO and Cosmos consensus protocols. Telegram co-founder Nikolai Durov has published…
creating a site based on TON
On the official website of Telegram Open Network has information about how to create a website in a decentralized network TON.
Read more: tginfo.me/ton-sites
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On the official website of Telegram Open Network has information about how to create a website in a decentralized network TON.
Read more: tginfo.me/ton-sites
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the hearings on the suit of the regulator to Telegram rescheduled for February 19
Federal court for the southern district of new York seized the Commission on securities and stock exchanges of the USA to the company Telegram Group Inc., postponed hearings on this case on February 19. This is evidenced by the materials submitted to the electronic database of the court.
Schedule court adjusted due to the fact that on 10 February, a ceremony of farewell to Federal judge Deborah Batts.
tass.ru/obschestvo/7718085
#courts
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Federal court for the southern district of new York seized the Commission on securities and stock exchanges of the USA to the company Telegram Group Inc., postponed hearings on this case on February 19. This is evidenced by the materials submitted to the electronic database of the court.
Schedule court adjusted due to the fact that on 10 February, a ceremony of farewell to Federal judge Deborah Batts.
tass.ru/obschestvo/7718085
#courts
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the SEC received additional arguments in a dispute with a Telegram
Former chief investment officer Telegram John Hyman testified under oath in the case of the Commission on securities and stock exchanges of the USA (SEC) against the Telegram Group Inc. and TON Issuer Inc., said in pisma representative of the SEC Jorge Tenreiro the judge of the district court for the southern district of new York Kevin Castel on February 10. The result was received "some additional evidence" which the SEC can refer during the debate of the parties in the case on February 19, the document says.
"These testimonies support the position of the SEC that Telegram in 2018 were sold investment contracts, which included Gram", — writes Tenreiro. The court may take into account these data, as they have been unavailable SEC, he points out.
forbes.ru/newsroom/tehnologii/392893-sec-poluchila-dopolnitelnye-argumenty-v-spore-s-telegram
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Former chief investment officer Telegram John Hyman testified under oath in the case of the Commission on securities and stock exchanges of the USA (SEC) against the Telegram Group Inc. and TON Issuer Inc., said in pisma representative of the SEC Jorge Tenreiro the judge of the district court for the southern district of new York Kevin Castel on February 10. The result was received "some additional evidence" which the SEC can refer during the debate of the parties in the case on February 19, the document says.
"These testimonies support the position of the SEC that Telegram in 2018 were sold investment contracts, which included Gram", — writes Tenreiro. The court may take into account these data, as they have been unavailable SEC, he points out.
forbes.ru/newsroom/tehnologii/392893-sec-poluchila-dopolnitelnye-argumenty-v-spore-s-telegram
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Tomorrow, February 19, held a landmark hearing in the SEC case against the Telegram, which the Prosecutor will try to prove that TON is a centralized company that aims at a single goal – obtaining financial benefits.
Meanwhile, the developers and investors TON has created a non-profit organization THANK Community Foundation to manage the community and sent to a third party's opinion in U.S. court.
Read more about TON Community Foundation: tginfo.me/ton-foundation-en
#TON #crypt
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Meanwhile, the developers and investors TON has created a non-profit organization THANK Community Foundation to manage the community and sent to a third party's opinion in U.S. court.
Read more about TON Community Foundation: tginfo.me/ton-foundation-en
#TON #crypt
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Telegram Info
TON Developers, Investors Back Telegram in SEC Fight
Undeterred by the U.S. Securities and Exchange Commission’s lawsuit against Telegram, developers and investors in the company’s blockchain project have formed a nonprofit for community governance. One of the TON Community Foundation’s first actions was to…
As filed Motion for Leave to File Amicus Brief.pdf
219.6 KB
Notification from the Community Foundation TON in the District court of new York.
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