In line with a recent report ‘published‘ by ‘Tehran Times’, the govt. of Iran has taken additional steps against Telegram’s cryptocurrency development.
Secretary of the Criminal Content Definition Task Force Javad Javidnia has stated that any cooperation with the encrypted messaging application to launch its Gram token are thought of an act against national security and an interruption to the financial system. Adding further, Javidnia stated:
“One of the foremost vital factors in banning Telegram was a sense of major economic threat from its activities, that was sadly marginalized and neglected as the fuss within the political atmosphere of the country.”
Iran initial ‘banned‘ the application, earlier in Apr 2018, after the supreme leader Ayatollah Ali Khamenei aforesaid that government agencies would now not use the app. The country’s judiciary later forbade its use altogether. In December 2017, Iran temporarily blocked Telegram messaging App and photo-sharing app Instagram so as to “maintain peace” amid widespread protests.
Prior to the ban, Iranian officials criticized the messaging application, stating that its ICO [initial coin offering] was probably “undermin[ing] the national currency of Iran.” Hassan Firouzabadi, the secretary of the High Council of High Council approved the urged ban as of Telegram’s potential for delivering cryptocurrencies to any or all of its Iranian users.
Firouzabadi mentioned Telegram as the enemy of the personal sector,” since “Telegram never agrees to own an office in Iran and refused to work with the personal sector.”
The messaging app of the crypto phase was also declared illegal in Russia sue to the considerations over its ICO, with the chance of a “completely uncontrolled monetary system” reportedly resulting in the block.
Telegram raised nearly $1.7 Bln in 2 funding rounds earlier this year, one in every of the industry’s largest. The ICO sought-after investment to support the event of the messaging app and its own blockchain platform Telegraph ‘Open Network‘.
Russian Capitalist ‘Roman Abramovich’ reportedly took part within the first round of the ICO sphere. Persons acquainted with the matter told Russian media that Abramovich endowed around $300 Mln. Jon Mann, Abramovich’s spokesperson, however made no comment on whether or not Abramovich took part in the investment phase, but denied the $300 Mln claim.