PETALING JAYA: Loss-making property developer Country Heights Holdings Bhd plans to issue an asset-backed cryptocurrency, which will used mainly as an utility or reward token with the company’s services or product offerings.
In a filing with Bursa Malaysia, Country Heights proposed to issue one billion units of the cryptocurrency, tentatively called “Horse Currency”, backed by RM2bil worth of the company’s assets.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!