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Telegram Bans Sanctioned Individuals, Territories From ICO

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Persons on international sanctions lists, their relatives, and those from sanctioned territories are barred from Telegram’s closed token sale rounds, local Russian business journal RBC reports today, March 15.

According to RBC, which claims to have a copy of the contract allegedly issued by Telegram to participants of its private presale, any person listed in the sanction lists of the US, UK, European Union, or the United Nations Security Council are not allowed to participate in any round of the closed ICO. The restriction also includes relatives of sanctioned individuals, as well as residents of territories under sanction, including Crimea, Cuba, Iran, North Korea and Syria.

Relatives affected are “children, spouses, parents, brothers and sisters” of sanctioned individuals, the publication adds.

Encrypted messenger service Telegram is in the midst of conducting what sources consider may become the biggest ICO in history.

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