Telegram Messenger LLP officially scrapped plans to build a digital ledger for transactions.
In a blog post Tuesday, Chief Executive Officer
The move was largely expected after a U.S. court sided with the Securities and Exchange Commission in March. The SEC accused Telegram of violating securities laws by selling $1.7 billion of its Gram cryptocurrency to investors in 2018 without registration. The court granted an injunction to prevent Gram’s distribution.
“We are leaving it ...