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Kik Interactive has announced that Kik will be shutting down its core messaging service, following reports its crypto-focused subsidiary Kin had laid off 70 employees.
Kik Interactive, Kik, Kin, tokens, security, ICO, SEC, messaging app, developer, cryptocurrency
The US Securities and Exchange Commission (SEC) has been suing Kik for allegedly running an unregistered securities sale when it launched an initial coin offering (ICO) for its KIN token in 2017.
Kik, Kin, ICO, SEC, cryptocurrency, regulation, Canada, US, fraud prevention