China Construction Bank Pulls Planned Listing of Bitcoin-Tradable Bond
The "Big Four" Chinese bank has suspended the listing of a $3 billion bond issuance that was intended to be tradable for bitcoin and U.S. dollars.
Police seized 1,746 bitcoin mining machines across 21 premises in raids this week.
If convicted, the two men face a maximum of 10 years in prison, caning and fines.
The fund, based in Labuan, Malaysia, aims to open access to digital assets for Southeast Asian institutional investors.
Malaysia's Mobile Money and Bangladesh's bKash will leverage RippleNet for wallet-to-wallet transactions.
Huobi Labuan said it's been licensed in Malaysia for a nine-month trial period of cryptocurrency spot and derivatives trading services.