American TON Investors Will not Get 110% Refund Next Year
Telegram has reported TON investors from the United States cannot stay in the Telegram Open Network (TON) for one more year.
As Telegram has stated in its sent letter to its investors, TON investors from the United States will only be able to get a quick 72% refund in place of a 110% refund in April of the next year, RBC writes.
This Telegram statement follows its provided option to refund TON investors on April 30. Telegram has provided to potential alternatives. One of them was a 72% refund, and the next one was 110% refund within 12 months.
As the investor letter reports, Telegram had to cancel the 2nd alternative for TON investors from the US because of regulatory authorities’ unclear position in the US.
Telegram has been striving to solve the regulatory problems with the United States SEC in order to launch the TON network and its native token, Gram since the October of the previous year.
However, TON network can still be released by independent validators despite the regulatory situation in the United States.
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