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Investors in Telegram agree to postpone its TON Blockchain launch to April 2020

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Earlier today, Investors in Telegram stated that the company would postpone the launch of the blockchain network called TON, according to two sources close to the matter.

Most of the investors in the company would not demand their funds back and are looking for an alternative solution. The delay in the launch comes after the US  Securities and Exchange Commission sued Telegram for issuing Gram token to US citizens. 

Telegram has now pushed its deadline of 30th Oct. 2019 to 30th April 2020, according to reports.  

According to the source, the investors in Ton were asked to sign a form to approve its new deadline. 

The source also added that the company would make an official announcement in the next 2 days

About the author

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Reza Jafery

Raza is the founder of BitMaq he is also considered the father of blockchain technology. He has worked with multiple News Publication and has over 16 years of experience in this industry. He not only manages the day to day operation for the publication but also publishes in-dept articles related to technology and finance. He loves reading during his free time and is also the author of 2 books. During the weekends he takes his kids to the park and movies.

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