Telegram creators Pavel and Nikolai Durov have filed a “Notice of Exempt Offering of Securities” with the US Securities and Exchange Commission (SEC) Feb. 13, reporting $850 mln raised under the SEC exemption Rule 506(c) from 81 investors for “the development of the TON Blockchain, the development and maintenance of Telegram Messenger.” The type of securities offered in the SEC filing are described as “Purchase Agreements for Cryptocurrency”, and are filed under the Rule 506(c) exemption that means that US citizens who invest must be accredited investors — those worth…
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