Cryptocurrencies
Telegram Halts Work on Blockchain Network After Court Decision
- Enterprise ran afoul of regulators after raising money in 2018
- Pavel Durov: ‘We hope that you succeed where we have failed’
Photographer: Carl Court/Getty Images
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Telegram Messenger LLP officially scrapped plans to build a digital ledger for transactions.
In a blog post Tuesday, Chief Executive Officer Pavel Durov said his instant-messaging platform is discontinuing work on the project, which ran afoul of regulators. Others may continue working on the technology, he said.