SEC shows evidence of Telegram violating securities law

SEC shows evidence of Telegram violating securities law

The U.S. Securities and Exchange Commission (SEC) has produced evidence of post-ICO (initial coin offering) sales, saying that it undercuts the company’s argument that the offering was exempt from registration requirements. Earlier, the company had officially claimed that they did not conduct any sales after the initial offering end. SEC has also requested full banking records of Telegram.

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