The developers of CNHC, an offshore Chinese yuan and Hong Kong dollar stablecoin issuer, have reportedly been arrested or lost contact with law enforcement officials. The move appears to be part of a wider crackdown on cryptocurrencies by Chinese authorities. Meanwhile, Hong Kong has opened up retail crypto licensing and WeChat has indexed Bitcoin price quotes in its search queries. All Nippon Airways has also launched an NFT marketplace and Japanese blockchain Astar Network is revamping its tokenomics. Japanese cryptocurrency exchange bitFlyer will comply with the country’s Financial Services Agency’s new Travel Rule starting June 1.
