U.S. authorities said on Friday they have halted a $1.7 billion unregistered dig...
FILE PHOTO: The Telegram app logo is seen on a smartphone in this picture illustration taken September 15, 2017. REUTERS/Dado Ruvic/Illustration
The Securities and Exchange Commission said it had received a temporary restraining order against the two offshore entities, which the regulator said had failed to register to sell 2.9 billion digital tokens called “Grams” to initial investors globally, including 1 billion to U.S. buyers. The move marks the latest effort by the agency to crack down on the fledgling cryptocurrency industry.
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