According to the agreement to purchase the cryptocurrency between Gram Telegram Group Inc and investors, persons trapped in any of the sanctions lists the USA, the UK, the EU and the UN security Council, will not be allowed to participate in the ICO (initial placement of tokens) of the draft Telegram Open Network of Pavel Durov. The prohibition extends to immediate family members – children, spouses, parents, brothers and sisters.
The document’s authenticity confirmed by one of the Russian businessmen, a top Manager of one of the venture funds, which is considering participating in the ICO project.
Participation in ICO is also prohibited to persons who are residents or residing in the territories subject to sanctions. At the moment the contract specified Syria, Cuba, Iran, Crimea and North Korea.
Also, the contract specified that all potential investors TON must go through the KYC (know your customer) adopted by the financial markets to verify the client’s identity and protection from criminal activities. The agreement marked the point, according to which the buyer of tokens should not use them to violate the sanctions regime, money laundering or terrorist financing.
«Any illegal use of the cryptocurrency Gram unscrupulous parties may violate adopted in the UK, USA and other countries regulations aimed at combating the funding of terrorism and money laundering. This can seriously affect the global reputation TON Blockchain», — the document says.
However, it does not say whether the company keep track of suspicious moments on their own.
In connection with the conflict in Eastern Ukraine, the U.S. imposed sanctions on 181 citizen of Russia, and the EU — 150 officials of the Russian Federation. Norway, Iceland, Moldova, Switzerland and some other countries supported by the EU.
According to the company, by the end of 2017, Telegram messenger worked 800 000 bots that were used by 52 million users. All of them in the future will be able to use Gram. In addition, the company plans to launch advertising exchange, where for a Gram you can buy ads in the Telegram-channels, and the channels can be realized a paid subscription to the content.