The core team of Trust Reserve (formerly CNHC Group), which issues two stablecoins, was detained by police in China on May 29, according to PANews. The team…
The Chinese government continues to crack down on the cryptocurrency industry with a new investigation targeting a major Chinese yuan stablecoin issuer. The…
The team behind CNHC, a stablecoin pegged to the value of the offshore yuan, and HKDC, one tied to the Hong Kong dollar, has been detained by Shanghai police,…
Police in Hong Kong have arrested staff working for the payments company behind the Hong Kong dollar and RMB stablecoins CNHC and HKDC. A notice on Trust…