WSJ: Telegram Cancels Plans To Launch Public ICO Due To Abundance Of Funds Already Raised

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The messaging app has made the news in other ways than crypto recently, as it was recently banned in Russia due to founder Pavel Durov’s refusal to hand over the encryption keys to the Russian government. Russian media reported at the end of April that the ban was really due to Telegram’s association with cryptocurrency through its ICO, but a spokesperson for Telegram’s legal representation denied this was the case.

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