Telegram scraps its plans for a public ICO

Jamie McKane

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Telegram scraps its plans for a public ICO

Telegram Group Inc., an encrypted messaging app, has reportedly scrapped plans to issue digital tokens in a public sale after raising a whopping $1.7 billion privately.

One argument is that the company, founded by self-exiled Russian Pavel Durov, doesn’t need additional funds.

[Bloomberg]
 
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