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We are engaged on the issue and committed to looking at options that support our full range of digital offerings to the EU market.
The decision also means that 80 staff who keep Kik running will be let go. The app has also proved controversial and a BBC News investigation in suggested it had featured in 1, UK child sexual abuse cases police had investigated in the past five years.
We continue to identify technical compliance solutions 2081 will provide all readers with our award-winning journalism. He acknowledged the difficulty the decision would cause as it would mean laying off people who had families and who had "poured their hearts and souls into Kik and Kin for over a decade".
As well as fighting in court, Kik Interactive would also work to convert the millions of existing Kin users into more active customers and buyers, Mr Livingstone said. The legal row blew up because the SEC sexting the Kin crypto-cash launch categorised in the same way as the initial stock offering for companies that floated on the stock exchange.
In response, Kik said it was kio 2018 and improving its trust and safety measures". Mr Livingstone said it had to resist the classification of Kin as "security" because this categorisation wow chat free "kill" its usability and that of other similar crypto-cash systems.
Unfortunately, our website is currently unavailable in most European countries. Kik Messenger launched in and proved popular largely kij it lets people register and use it without providing a phone or other credentials.
Kin currently had two million "monthly active earners" and"monthly active spenders". Cash community Writing about its decision to switch focus, Kik Interactive founder Ted Livingstone said the company had taken the "hard decision" to shut down Kik because it wanted to devote all its attention to the Kin cryptocurrency.
Related Topics. No date has been given for when the Kik app will close.
The company said it was closing down the messaging service so it could concentrate on the Kin cryptocurrency it has also created. And growing the community of Kin users ificantly would make it far harder for the SEC to prevail.