Telegram’s crypto wallet launches in the US

Telegram, the popular messaging app, has launched its cryptocurrency wallet, TON Wallet, in the United States. The wallet is designed to allow Telegram's 87 million US-based users to store, send, and receive digital assets. The launch comes after Telegram's previous attempts to develop a blockchain platform, called Telegram Open Network (TON), which was abandoned in 2020 following a legal battle with the US Securities and Exchange Commission (SEC). Despite the setback, Telegram has now made the TON Wallet available to US users, enabling them to engage with cryptocurrencies and decentralized finance (DeFi) applications. The move marks Telegram's continued efforts to integrate cryptocurrency-related features into its platform, providing its user base with access to digital asset management and transactions. However, the launch in the US may face regulatory scrutiny, as the company's previous cryptocurrency project encountered legal challenges.