Telegram founder interrogated by the US over Gram
Pavel Durov, Telegram founder, testified before the U.S. Securities and Exchange Commission on the sale of his new Gram cryptocurrency. The transcript of the interrogation was published by the US supervisory authority.
In addition, Durov said that about 300 million people around the world use Telegram messenger at least once a month. In 2017, the numbers were much lower, about 180 million. According to his words, Durov financed all the work personally, while the messenger was and still is free for use.
As for the Gram cryptocurrency, Durov stressed that it has not been launched yet, but he has already earned about $1.7 billion from it.
It should be noted that at the end of the interrogation, the plaintiff and the defendant asked the court of the Southern District of New York to consider the case in a simplified procedure.
The dispute between Durov and the U.S. supervisory authority strarted last year, when the U.S. Securities and Exchange Commission considered Gram activity in the U.S. to be an issue to security and stressed it should be registered, but Durov had not yet done it.
Durov himself does not agree with this, as he considers Gram to be only the prepration stage.