Telegram will launch its Gram cryptocurrency by October 31 or bust

The Telegram cryptocurrency, the Gram, can be made public after all. The encrypted messaging application company plans to deliver "the first lots" of the coin in the next two months, according to a report in The New York Times .

The last time we reported on the Gram, it was to notice that Telegram was canceling its initial coin offer (ICO), so the news may come as a surprise, unless it has followed Telegram and the cryptocurrency closely . But if he has, he has probably heard the rumor that Telegram has a difficult deadline for this to happen: if it is not delivered before October 31, it legally loses the $ 1.7 billion it raised to make those coins a reality. . [19659004] That October 31 deadline is real, according to the legal documents reviewed by Times so the company is trying to make those currencies real and as quickly as possible .

Users will apparently store them in a Gram digital wallet, one that Telegram plans to offer to all of its more than 200 million users worldwide, according to three anonymous investors who talked about the publication.

It is not entirely clear how regulators could deal with a new Telegram cryptocurrency, since Telegram is a decentralized messaging operation that happily became entangled with governments in the past. Facebook Pound is the closest parallel, but based in the United States, and some early scrutiny has already been found.

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