Canadian Residents Excluded from Next Week’s Kin ICO

medium.com

This news is surprising. Kik, a Canadian social networking company that has raised money from the likes of Union Square Ventures, has decided to exclude Canadian residents form their "Kin" token sale citing a lack of regulatory clarity. Kik has gone to great lengths to ensure KYC/AML compliance with their token sale to date. This strikes me as overly cautious risk-aversion rather than a reaction to government threats. 

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