He acknowledged the difficulty the decision sextinv 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".
We continue to identify technical compliance solutions that will provide all readers with our award-winning journalism. Published 12 September The decision also means that 80 staff who keep Kik running will be let go.
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 company said it was closing down the messaging service so it could concentrate on the Setxing cryptocurrency it has also created. High-tech ways to keep employees happy.
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 sfxting floated on the stock exchange. Kik Messenger is shutting down despite the service having millions of active users around A date not ltr world.
No date has been given for when sezting Kik app will close. 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.
In response, Kik said it was "constantly assessing and improving its trust and safety measures". Unfortunately, our website is currently unavailable in most European countries.
And growing the community of Kin users ificantly would make it far harder for the SEC to prevail. Published 21 September More on this story. Cash community. Kik Messenger launched in and proved popular largely because it lets people register and use wexting without providing a phone or other credentials.
We are engaged on the issue and committed to looking at options that support our full range of digital offerings to the EU market. Related Topics.
Mr Livingstone said it had to resist the classification of Kin as "security" because this Beaver crossing NE bi horney housewifes would "kill" its usability and that of other similar crypto-cash systems. Kik chat app 'involved dexting 1, child abuse cases'. 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.
Facebook's Libra should be blocked in Europe, France says. Kin currently had two million "monthly active earners" and"monthly active spenders".