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Canadian company Kik vows to fight U.S. regulator over cryptocurrency



TORONTO — The head of Kik Interactive Inc. says he’s prepared to drive the company into bankruptcy in a fight with the U.S. securities regulator over the future of its Kin cryptocurrency.“We have to keep going. Until that’s it, we don’t have a dollar left, a person left. We will keep going no matter how hard it is,” said founder and CEO Ted Livingston at the Elevate conference Wednesday.READ MORE: Tech in T.O.: Why Shopify continues to grow in TorontoHis comments come two days after he announced that Kik Interactive would cut most of its staff, shut down its popular Kik Messenger app, and focus all efforts on the Kin cryptocurrency that it launched in 2017.The move comes after the Securities and Exchange Commission accused Kik Interactive in June of conducting an “illegal” US$100-million securities offering when it initially sold the Kin cryptocurrency. The company maintains that the currency rollout was not a security offering.WATCH: Boxing champ Pacquiao launches his own crypto tokens

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