RATE Group | Kim Dotcom’s Namesake Cryptocurrency Sale Canceled by Exchange
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Kim Dotcom’s Namesake Cryptocurrency Sale Canceled by Exchange

06 Nov Kim Dotcom’s Namesake Cryptocurrency Sale Canceled by Exchange

Posted at 21:33h in Cryptocurrency News by

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It doesn’t look like the controversial internet entrepreneur Kim Dotcom will be issuing his eponymous cryptocurrency anytime soon.

The digital-asset exchange Bitfinex said it no longer plans to offer the Kimcoin token on its platform because of rapidly evolving regulatory uncertainty and risks associated from raising funds for him through a so-called initial exchange offering.

Kim Dotcom

Photographer: Brendon O’Hagan/Bloomberg

Dotcom, a German-Finnish businessman who changed his name from Kim Schmitz, now resides in New Zealand. The U.S. is seeking Dotcom’s extradition over his now defunct file-sharing website Megaupload.com, which is alleged to have been the vehicle for the biggest copyright infringement in U.S….

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