October 23, 2020 Kik to continue development of Kin.

essaging app Kik announced via blogpost on Friday that it will continue to the open-source Kin software development kit and the Code wallet. The news comes after a period of uncertainty about the cryptoasset’s future amidst a lawsuit filed against the project by the SEC. Though Kik was required to pay a $5M fine as part of a settlement, the court ruled that Kin was not a security and can be traded on exchanges.