Telegram has been forced to abandon its cryptocurrency initiative, with its founder Pavel Durov blasting the US for seeking to crush any attempt at decentralization in order to maintain its global financial dominance.
Telegram founder and St. Petersburg native Pavel Durov announced the move in a post to his own Telegram channel on Tuesday, stating the crypto project – the Telegram Open Network (TON) and its currency, known as “Grams” – would have to be shut down.
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