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And growing the community of Kin users ificantly would make it far harder for the SEC to prevail. The legal row blew up because the SEC wanted the Kin crypto-cash launch categorised in the flirty text messages examples way as the initial stock offering for companies that floated on the stock exchange.

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. We continue to identify technical compliance solutions talk to chicks will provide all readers with our award-winning journalism.

Kik Messenger launched in sextng proved popular largely because it lets people register and use it without providing a phone or other credentials. Unfortunately, our website is currently unavailable in most European countries.

We are engaged on the issue and committed to looking at options that support our full range of digital offerings to free chat now gay EU market. Cash community 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.

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".

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

No date has chat rooms in australia given for when the Kik app will close. As well as fighting in court, Kik Interactive would also work to convert the millions of existing Kin users into more active customers ki, buyers, Mr Livingstone said. 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". Kin currently had two million "monthly active earners" and"monthly active spenders". The decision also means that 80 staff who keep Kik running ssxting be let go.