The Telegram chat app – the popular communication tool of choice for the crypto community – could be forced to monetize thanks to a regulatory intervention from the American Securities and Exchanges Commission (SEC) that scuppered its tokenization and blockchainization plans.
In a frank post on his own channel on the platform Pavel Durov, Telegram’s CEO and founder, hinted that he can no longer afford to bankroll the chat app, stating that rising server costs and other expenses were costing him “hundreds of millions of dollars a year.”
He claimed that unlike the founders of WhatsApp – who sold their firm to Facebook in 2014 – he would not consider looking for a buyer. However, he wrote,
