RATE Group | Kim Dotcom Token Sale Postponed Over ‘Regulatory Uncertainty’
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Kim Dotcom Token Sale Postponed Over ‘Regulatory Uncertainty’

07 Nov Kim Dotcom Token Sale Postponed Over ‘Regulatory Uncertainty’

Posted at 00:21h in Bitcoin News by

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Kim Dotcom Token Sale Postponed Over 'Regulatory Uncertainty'

In 2017, Kim Dotcom, the founder of the now-defunct file hosting service Megaupload, revealed a similar service called K.im that planned to give anyone the ability to upload files, documents, code, videos, and music files and get paid in crypto for their work. Since then, Dotcom’s team disclosed there would be an exchange sale for Kimcoin token on the digital asset exchange Bitfinex. However, Bitfinex and the K.im platform team say that “regulatory uncertainty” has caused them to postpone the sale.

Also Read: Bitcoin Cash Captured 90% of October’s Crypto Spending in Australia

Kim Dotcom’s K.im Token Sale Delayed Indefinitely

The token sale for the K.im platform is being postponed according to a blog post from the cryptocurrency exchange Bitfinex. K.im is a project that was created by the notorious Kim Dotcom, the New Zealand native who once operated the popular file-sharing site Megaupload. In 2012, the U.S. Department of Justice (DoJ) seized the…

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