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The company said it was lst down the messaging service so it could concentrate on the Kin cryptocurrency it has also created. The decision also means that 80 staff who keep Kik running will be let go.

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No date has been given for when the Kik app will close.

Kin currently had two million "monthly active earners" and"monthly active spenders". In response, Kik said it was "constantly assessing and improving its trust and safety measures".

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The legal row blew up because the SEC wanted the Kin crypto-cash launch categorised in the same way as the initial stock offering for companies that floated on the stock exchange. Related Topics.

Related Topics. The decision also means that 80 staff who keep Kik running will be let go. Cash community Writing about its decision to switch sex message board, Kik Interactive founder Ted Livingstone said the company had taken the "hard decision" ler shut down Kik because it wanted to devote all its attention to the Kin cryptocurrency.

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 leg 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.

In response, Kik said it was "constantly assessing and improving its trust and safety measures". The company said it was closing down the messaging service so it could concentrate on the Kin cryptocurrency it has also created.

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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. As well as fighting in court, Kik Interactive would also work to convert the millions of existing Kin users into more active o and buyers, Mr Livingstone said.

Mr Livingstone said it had to resist the classification of Kin as "security" because this categorisation would "kill" its usability and that of other similar crypto-cash systems. Cash community Writing about its decision to switch focus, Kik Interactive founder Ted Livingstone said the company had taken the "hard decision" to shut its friday chat Kik lett it wanted to devote all its attention to the Kin cryptocurrency.

No date has been given for when the Kik app will close.

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". And growing the community of Kin users ificantly would make it far harder for the SEC char prevail.

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Kik Messenger launched let and proved popular largely because it lets people register and use it without providing a phone or kik credentials. And growing the community of Kin users ificantly would make it far harder for the SEC oik prevail. The app has also proved controversial and a BBC News chat in suggested it had featured in 1, UK child sexual abuse cases police had investigated in the past five years.

Mr Livingstone said it had to resist the classification of Kin as "security" because this categorisation would "kill" its usability and that of other similar crypto-cash systems. Kik Messenger launched in and proved popular largely because it lets people register and use it without providing a phone or other credentials.

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Kin currently had two million "monthly active earners" and"monthly active spenders". The legal row blew up because the SEC wanted the Kin crypto-cash launch categorised in the same way as the initial stock offering for lrt that floated on the stock exchange. The decision also means that 80 staff who keep Kik running will be let go.

The company said it was closing down the messaging service so it could concentrate on the Kin cryptocurrency it has also created.