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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’
Telegram Messaging App

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.