Waterloo’s Kik Interactive charged by SEC over $100-million unregistered ICO

Waterloo’s Kik Interactive charged by SEC over $100-million unregistered ICO

The U.S. Securities and Exchange Commission is suing Canadian tech startup Kik Interactive Inc. for allegedly conducting an illegal securities offering when it sold US$100-million of digital tokens in 2017. The securities watchdog alleges that the Waterloo, Ont.-based company, which operates a popular messaging app, violated securities laws because it failed to register the sale of its virtual “Kin” tokens.