(MENAFN) Banned from purchasing Gram cryptocurrency, the official Telegram group investor agreement blocked people who are on the sanctions list of the US, UK, European Union or United Nations, including Iran, from taking part in Telegram Open Network initial coin offerings (ICOs,) Russian news agency RBC reports.
Extending the ICO participation ban to close relatives of sanctioned people, including their spouses, children and siblings, it also extends to all people living in sanctioned territories. The document points out that such territories are now the following: the Crimean Peninsula, Cuba, Iran, the Democratic People's' Republic of Korea and Syria.
TechCrunch reported in early January Telegram's plans to launch its own blockchain: the Telegram Open Network (TON) platform and Gram, its homegrown cryptocurrency.
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