Chat App Giant Telegram Bans Sanctioned Individuals, Territories From ICO – Report

Chat App Giant Telegram Bans Sanctioned Individuals, Territories From ICO – Report


Persons on international sanctions lists, their relatives and persons from authorized territories are among those who are prohibited by closed rounds of Telegram sales, the Russian business magazine RBC reports today, March 15.

According to RBC, claiming to receive a copy of the contract that is allegedly issued by Telegram to participants in its personal pre-sale, any person listed on the sanctions lists of the United States, Britain, the European Union or the United Nations Security Council is not allowed to participate in any round closed ICO. The restriction also includes relatives of authorized persons, as well as residents of territories subject to sanctions, including Crimea, Cuba, Iran, North Korea and Syria.

Relatives affected are “children, spouses, parents, brothers and sisters” of authorized persons, the publication adds.

According to RBC, “one of the Russian participants” ICO, as well as “the top manager of a venture fund considering the possibility of participation in it,” “confirmed” the content of the contract.

The encrypted courier service Telegram is in the midst of what, according to sources, could become the largest ICO in history.

As Cointelegraph reported, a calm pre-sale and, according to rumors, the second pre-sale of its cryptocurrency Gram can raise about $ 1.6 billion before the public stage of the ICO even begins. For the first election campaign, the creators of Telegram Pavel and Nikolai Durov said that on February 13, 850 US dollars were attracted by 81 investors in the form of “Notice of Exemptions from Securities” filed with the US Securities and Exchange Commission (SEC) on February 13 with US investors participating in the release of the SEC.

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