Telegram Group Inc. and a subsidiary will pay the SEC $18.5 million to settle registration violation allegations stemming from a $1.7 billion initial coin offering according to Thursday filings in New York federal district court.
The encrypted online messaging platform also agreed to give the Securities and Exchange Commission 45 days’ notice before it issues any cryptocurrencies or other digital assets, the proposed judgment filed in the U.S. District Court for the Southern District of New York said. In settling, Telegram didn’t admit wrongdoing.
Telegram has been battling the SEC since October 2019 over plans to sell digital tokens known ...
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