Telegram raised $850 million in the second round of ICO

Telegram raised $850 million in the second round of ICO

Pavel and Nikolai Durov reported to the Commission on securities and exchange Commission (SEC), which raised $ 850 million in the second round of the draft Telegram ICO Open Network.

The collection of investments held to support the development of the app Telegram messenger and own blockchain platform Telegraph Open Network. Closed ICO, which began March 14, was attended by 94 of the investor, whose identities were not disclosed.

The amount collected is confirmed in the notification that the signed SEC. ICO was organized in accordance with the Federal law 506 (c), which States that “the company can to advertise and advertise your offer” subject to certain conditions. First, all investors must be accredited, and secondly, the Issuer must take reasonable steps to confirm such accreditation. Recall that earlier this month it became known, of the persons mentioned in the lists of sanctions the US, UK, EU and UN Security Council, will not be able to participate in any of the rounds closed ICO project Telegram Open Network.

The first round of ICO took place from 29 January to 13 February. Then managed to raise $850 million from 81 investors. Thus, in sum, the Telegram has gained $1.7 billion.

According to news Agency “Vedomosti”, one of the investors in the first round of ICO was the Russian billionaire Roman Abramovich. For those who are familiar with this issue, told “Vedomosti” that Abramovich has invested $300 million to His spokesman John Mann did not comment on Abramovich participated in ICO Telegram, but denied information about $300 million to Two investors have publicly stated their support for and investment in ICO Telegram: founder of the payment service Qiwi Sergey Solonin ($17 million) and the founder of the company for the production of soft drinks and dairy products Wimm bill Dann, David Yakobashvili ($10 million).

The current regulation of the ICO from the SEC based on legislation of the 1930-ies. One expert believes that in order for the ICO to operate effectively, the authorities should amend the 80-year-old regulation.

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