Yuan-Backed CNHC Stablecoin and TR Employees are Under Arrest

Yuan-Backed CNHC Stablecoin and TR Employees are Under Arrest

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Chinese police detained companies backing the yuan-backed CNHC stablecoin and TR employees.
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HKDC (HKD Coin) and CNHC (CNH Coin) are stablecoins pegged in a ratio of 1:1 to the fiat currency.
The Chinese police have arrested Trust Reserve(TR) employees. They have also detained some of the companies backing the yuan-backed CNHC stablecoin. As per a report from PANews, a local Chinese news organization, the Trust Reserve’s internal team was arrested on May 29.
HKDC (HKD Coin) and CNHC (CNH Coin) are stablecoins that are owned by Trust Reserve, with the former being pegged to the value of the …
 

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We współpracy z: https://www.thecoinrepublic.com/2023/06/03/yuan-backed-cnhc-stablecoin-and-tr-employees-are-under-arrest/

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