Hong Kong exchange delists securities tokens

Gatecoin, a Hong Kong cryptocurrency exchange, is to delist tokens with security properties
10 October 2017   2516

Gatecoin, a Hong Kong cryptocurrency exchange, has announced the plans to delist all tokens that double as securities.

Thus, according to the company, the exchange is "currently awaiting the results of a regulatory compliance review by the legal advisors on the legal status of specific tokens" that the company have listed on the exchange. "The review will determine whether a token that we have listed fits the category of a security under the Hong Kong Securities and Futures Ordinance, and if so whether the token founders have taken steps to structure their token in accordance with the SFC’s framework", - Gatecoin team details. 

As reported, the tokens categorized as securities will be delisted from Gatecoin. Once the company has confirmed which of these tokens are to be delisted, clients will have one week to trade their tokens for Bitcoin (BTC) or Ether (ETH). After this period, both trading and deposits of that token will no longer be available through Gatecoin exchange.

Yet, Gatecoin will still be able to store the delisted tokens in the wallets on behalf of clients that maintain balances after trading and deposits have been disabled. Clients continuing to hold balances in these delisted tokens will be provided with a one-month period to withdraw these funds from their Gatecoin accounts.

GRAM May be Traded at Liquid at Triple ICO Price

Bloomberg says that Telegram tokens, that may appear at Liquid will be sold by Gram Asia at $4 per token, but there's no official info from Telegram
04 July 2019   830

Even before the official public release of the cryptocurrency of the messenger, Telegram can increase in price by 200% relative to its value during the initial offer of coins. It is reported by Bloomberg.

As previously reported, Telegram tokens may appear on the Liquid Bitcoin Exchange already on July 10. The distributor is Gram Asia, which calls itself the largest holder of GRAM tokens in Asia. It intends to put up for sale rights to cryptocurrency at $ 4 per unit.

At the same time, one of the investors said to the publication that at the time of purchase the price of 1 Gram was $ 1.33.

It is worth noting, however, that after the announcement of the public sale of Telegram tokens to Liquid, the media reported that this intention had nothing to do with the official plans of Telegram.

Then one of Telegram's investors stated that no one has the right to sell tokens before their official launch in accordance with the signed agreement. Moreover, representatives of the popular messenger noted that they first heard about Gram Asia.

Later, CEO Liquid Mike Kayamora admitted that Telegram has no relation to the placement on Liquid: the deal was concluded exclusively between the exchange and Gram Asia, which allegedly is an incubator for the TON project.

The Block's leading analyst Larry Chermak on several tweets expressed skepticism about the announced Telegram tokenale based on the Liquid stock exchange, saying that he would “think twice before making a decision to invest.”