We are engaged on the issue and committed to looking at options that support our full range of digital offerings to the EU market. Published 12 September High-tech ways to keep employees happy. More on this story.
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. 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. No date has been given for when the Kik app will close.
Unfortunately, our website is currently unavailable in most European countries. Kik Messenger is shutting down despite the service having millions of active users around the world.
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". Facebook's Libra should be blocked in Europe, France says. Cash community.
Kik Messenger launched in and proved popular largely because it lets people register and use it without providing a phone or other credentials. The decision also means that 80 staff who keep Kik running will be let go. We continue to identify technical compliance solutions that will provide all readers with our award-winning journalism.
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".
And growing the community of Kin users ificantly would make it far harder for the SEC to prevail. Related Topics. 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.
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. Kik chat app 'involved in 1, child abuse cases'. 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.
Published 21 September The company said it was closing down the messaging service so it could concentrate on the Kin cryptocurrency it has also created.