Kin Foundation

Regulatory Complaint – SEC charges Kik with conducting $100 million unregistered ICO

The U.S. Securities and Exchange Commission (SEC) sued Kik Interactive Inc. for illegally raising $100 million through its Initial Coin Offering (ICO) in 2017. The regulator charges that Kik sold the tokens to U.S. investors without registering their offer and sale as required by the U.S. securities laws. The Complaint was filed on June 4, …

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

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┬áreached out to Kik. The U.S. watchdog notified Kik last fall that it intended to pursue an enforcement action …

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