The team behind CNHC Group, the issuer of CNHC, a stablecoin
Stablecoin
Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that were designed to hold stable value. Putting more emphasis on stability rather than volatility can be a huge draw for some investors. Many people may be put off by the large swings and uncertainty exhibited by cryptos compared to other traditional assets.
Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that were designed to hold stable value. Putting more emphasis on stability rather than volatility can be a huge draw for some investors. Many people may be put off by the large swings and uncertainty exhibited by cryptos compared to other traditional assets.
pegged to the offshore yuan, and HKDC, one pegged to the Hong Kong dollar, has been arrested in Shanghai, according to local media, PANews. CNHC Group was renamed Trust Reserve.
The team was reportedly taken from their company building in Pudong, Shanghai, by police officers and detained. According to PANews, which visited the CNHC offices, the premises had a written notice “Judicial Seizure, Strictly No Vandalism” signed on May 25.
At the time of going to press, finance tycoons has not yet received a response from CNHC Group on the development and will update this story once new information becomes available.
The CNHC stablecoin is fully backed at a 1:1 ratio against CNH, the Chinese offshore yuan traded outside mainland China. In March,
cryptocurrency exchange
Cryptocurrency exchange
A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset. Similar to a generalized financial exchange, the primary function of a crypto exchange is to enable and encourage the buying and selling of cryptos. This is accomplished by producing a stable trading environment suitable for interlocking traders in different locations around the world. Sometimes a crypto exchange may be called a digital currency exchange (DCE) f
A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset. Similar to a generalized financial exchange, the primary function of a crypto exchange is to enable and encourage the buying and selling of cryptos. This is accomplished by producing a stable trading environment suitable for interlocking traders in different locations around the world. Sometimes a crypto exchange may be called a digital currency exchange (DCE) f
KuCoin, through its investment arm KuCoin Ventures, led a $10 million funding round for CNHC Group.
Technically, CNHC is based on two blockchain networks, Ethereum and Conflux, the latter being an Ethereum-compatible blockchain designed for cross-border applications and cross-chain operability. Conflux operates in China and has partnered with China Telecom in a blockchain-integrated SIM card project.
China continues crackdown on digital assets
China has imposed a cryptocurrency ban in stark contrast to Hong Kong, which is reestablishing itself as a hub for digital assets and financial services. In October, Hong Kong regulators said they were working to introduce appropriate regulations governing digital assets similar to those in the traditional financial space.
On the other hand, Beijing is working on a Central Bank Digital Currency (CBDC), also known as Digital Yuan, as an alternative to cryptocurrencies and the underlying blockchain technology. As China marks milestones with its Digital Yuan pilot, the once booming crypto industry continues to face tougher regulations.
Additionally, China is creating a two-tier distribution system involving the People’s Bank of China and commercial banks to distribute the digital yuan. The arrangements would see the supreme monetary authority distribute the CBDC to commercial banks, allowing customers to convert their fiat currencies into digital currency.
Options Paris office; BidX’s new liquidity manager; read today’s news nuggets.
The team behind CNHC Group, the issuer of CNHC, a stablecoin
Stablecoin
Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that were designed to hold stable value. Putting more emphasis on stability rather than volatility can be a huge draw for some investors. Many people may be put off by the large swings and uncertainty exhibited by cryptos compared to other traditional assets.
Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that were designed to hold stable value. Putting more emphasis on stability rather than volatility can be a huge draw for some investors. Many people may be put off by the large swings and uncertainty exhibited by cryptos compared to other traditional assets.
pegged to the offshore yuan, and HKDC, one pegged to the Hong Kong dollar, has been arrested in Shanghai, according to local media, PANews. CNHC Group was renamed Trust Reserve.
The team was reportedly taken from their company building in Pudong, Shanghai, by police officers and detained. According to PANews, which visited the CNHC offices, the premises had a written notice “Judicial Seizure, Strictly No Vandalism” signed on May 25.
At the time of going to press, finance tycoons has not yet received a response from CNHC Group on the development and will update this story once new information becomes available.
The CNHC stablecoin is fully backed at a 1:1 ratio against CNH, the Chinese offshore yuan traded outside mainland China. In March,
cryptocurrency exchange
Cryptocurrency exchange
A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset. Similar to a generalized financial exchange, the primary function of a crypto exchange is to enable and encourage the buying and selling of cryptos. This is accomplished by producing a stable trading environment suitable for interlocking traders in different locations around the world. Sometimes a crypto exchange may be called a digital currency exchange (DCE) f
A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset. Similar to a generalized financial exchange, the primary function of a crypto exchange is to enable and encourage the buying and selling of cryptos. This is accomplished by producing a stable trading environment suitable for interlocking traders in different locations around the world. Sometimes a crypto exchange may be called a digital currency exchange (DCE) f
KuCoin, through its investment arm KuCoin Ventures, led a $10 million funding round for CNHC Group.
Technically, CNHC is based on two blockchain networks, Ethereum and Conflux, the latter being an Ethereum-compatible blockchain designed for cross-border applications and cross-chain operability. Conflux operates in China and has partnered with China Telecom in a blockchain-integrated SIM card project.
China continues crackdown on digital assets
China has imposed a cryptocurrency ban in stark contrast to Hong Kong, which is reestablishing itself as a hub for digital assets and financial services. In October, Hong Kong regulators said they were working to introduce appropriate regulations governing digital assets similar to those in the traditional financial space.
On the other hand, Beijing is working on a Central Bank Digital Currency (CBDC), also known as Digital Yuan, as an alternative to cryptocurrencies and the underlying blockchain technology. As China marks milestones with its Digital Yuan pilot, the once booming crypto industry continues to face tougher regulations.
Additionally, China is creating a two-tier distribution system involving the People’s Bank of China and commercial banks to distribute the digital yuan. The arrangements would see the supreme monetary authority distribute the CBDC to commercial banks, allowing customers to convert their fiat currencies into digital currency.
Options Paris office; BidX’s new liquidity manager; read today’s news nuggets.