Blackmoon Crypto, a small exchange hoping to grow its clientele by becoming the first to list Telegram's tokens, is shutting down just weeks after a judge barred any token issuance.
Telegram has appealed a court ruling barring it from distributing its gram cryptocurrency.
The Chamber of Digital Commerce, a blockchain advocacy group, wants a U.S. court to distinguish between an investment contract and the underlying asset used by Telegram during a 2018 initial coin offering.