March 28, 2024

Telegram will open bank records at the request of the SEC

Telegram will open bank records at the request of the SEC

Telegram will publish financial reports that, according to the SEC, will prove the illegality of the ICO of Gram tokens.

According to the Southern District of New York (SDNY) court ruling dated January 13, Telegram is required to provide the court with bank records of the use of Telegram investors' funds by February 26.Recall that recently the court rejected the request of the commission to receive this information.

New ruling requires Telegrampublication of financial statements, however, allows you to hide part of the information in accordance with foreign privacy standards. In this case, the protection should provide a reason for hiding each record.

However, in a letter to Telegram's lawyers, the courtit is indicated that the company, founded in Russia by Pavel and Nikolai Durov, will provide SEC with full banking records by January 15, but will edit them before posting it in the public domain.

As previously reported, on January 2, the regulator requested a court order that would oblige Telegram to provide the commission with full access to the company's financial statements.

Based on materialscointelegraph.com