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Still not sure why Telegram cares about the SEC? Russian owners and offshore company, what leverage do US regulators have?
by seibelj 7y ago
Still not sure why Telegram cares about the SEC? Russian owners and offshore company, what leverage do US regulators have?
- lawtalkinghuman 7y agoPresumably because if they're not strictly kosher under US law, USD exchanges like Coinbase that try to stay in the good books of the US authorities won't want to touch Telegram's tokens for risk of legal action. It'd be pretty bad PR for Telegram as a company if the only way to buy their tokens was off shady unregulated exchanges.
- davidgerard 7y agoThey want to be able to spend money in the first-world financial system. They touch the US. A US monetary judgement is widely enforceable. The idea that Telegram can just go "US lol" is not the case.