The person who is in any of the sanctions lists the USA, the UK, the EU and the UN Security Council will not be able to participate in any of the rounds closed ICO project Telegram Open Network (TON) Pavel Durov. This is stated in the standard form of purchase agreement between Gram registered in the British virgin Islands Telegram Group Inc. and investor, RBC reports.
The document’s authenticity confirmed by one of the Russian entrepreneurs and top-Manager of one of the venture funds who are considering participating in the ICO project. The prohibition also extends to immediate families of such persons: children, spouses, parents, brothers and sisters. In addition, it is forbidden to participate in the ICO to any citizen, resident or residing in the territory in respect of which are common sanctions. The contract specified that at the time of writing they are considered as Crimea, Cuba, Iran, North Korea and Syria.
The paper noted that all potential investors TON must go through the KYC (know your customer — the English. “know your customer”) adopted by the financial markets to identify customers and protect against criminal activity. In the framework of the KYC provided to individuals documents such as notarized copy of passport, proof of residence, a recommendation from the Bank etc.
Pavel Durov did not respond to a request RBC.
Informal information on plans of Telegram to start the blockchain the project and hold the ICO appeared at the end of 2017. Soon, public access was a 132-page document signed by Nikolai Durov is the technical Director and brother of Telegram Pavel Durov. It told about the Telegram plans to launch its own blockchain platform called TON and cryptocurrency Gram. The authenticity of this document and the plans of the ICO Pavel Durov never confirmed.
In February it became known that the first round closed-ICO TON completed. The company managed to attract $ 850 million, and among its investors was the founder of Qiwi Sergey Solonin and founder of “Wimm-bill-Dann” David Yakobashvili. The second investment round for a limited circle of investors began in February and is not yet complete. According to RBC materials for investors, the second round will be divided into two stages, each of which TON intends to raise another $ 850 million. Thus the public ICO TON may not happen — the company intends to limit the private placement of tokens among qualified investors. One of the probable reasons for such decisions — the ability to carefully select investors for the private placement.
By the way, as previously reported by “Vedomosti”, the draft Durov already managed to invest the well-known Russian oligarch Roman Abramovich. According to the newspaper, he invested $ 300 million. Thus the surname Abramovich is “Kremlin report”, published by the United States. It is quite possible that the businessman will be under sanctions.