mo4ch:>US kills Telegram cryptocurrency to maintain dollar dominance as Durov concedes defeat in ‘battle of generation’ | Mo4ch News

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.“Unfortunately, a US court stopped TON from happening,” Durov said, adding that the court ruled “people should not be allowed to buy or sell Grams like they can buy or sell Bitcoins.”Perhaps even more paradoxically, the US court declared that Grams couldn't be distributed not only in the United States, but globally. Why? Because, it said, a US citizen might find some way of accessing the TON platform after it launched.Also on rt.com‘Police state’ & bad for IT business: Telegram founder who ditched Russia unloads on the …