Kik

Crypto Regulation – U.S. SEC Obtains Final Judgment Against Kik and settles case with $5 Mio fine

Leave a Comment / ICO and Token Placement, Regulation, SEC / By

The U.S. SEC announced that a federal district court has entered a final judgment on consent against Kik Interactive Inc. (“Kik”) to resolve the SEC’s charges that Kik’s unregistered offering of digital “Kin” tokens in 2017 violated the federal securities laws. On the legal grounds of this final judgment the court approved a settlement between Canadian Kik and SEC. Under the settlement, Kik will pay a US$5 million penalty.

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ICO Legacy – U.S. SEC Obtains Final Judgment Against Kik and settles with $5 Mio fine

Leave a Comment / Cryptocurrency, Regulators, SEC / By

The U.S. SEC announced that a federal district court has entered a final judgment on consent against Kik Interactive Inc. (“Kik”) to resolve the SEC’s charges that Kik’s unregistered offering of digital “Kin” tokens in 2017 violated the federal securities laws. On the legal grounds of this final judgment the court approved a settlement between Canadian Kik and SEC. Under the settlement, Kik will pay a US$5 million penalty.

Defend Crypto Crowdfunding Campaign – Messaging Service Kik fights SEC’s ‘Innovation Tax’

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During the ICO hype in 2017, Canadian messaging app Kik raised about $100 million in an ICO with the issuance of their Kin token. Only a few days after the closing of the ICO, the U.S. SEC reached out to Kik. The U.S. watchdog notified Kik last fall that it intended to pursue an enforcement action …

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