Country Heights ‘horse currency’ faces obstacles

In a statement issued yesterday, the SC said the Cabinet Special Committee on Anti-Corruption (JKKMAR) had approved its recommendation to require listed companies to put in place anti-corruption measures and a framework to promote the effective discharge of directors

PETALING JAYA: Country Heights Holdings Bhd’s (CHHB) plan to conduct an initial coin offering (ICO) to issue its own cryptocurrency, called “horse currency”, has hit a speed bump.

The Securities Commission (SC) has ordered all ongoing ICOs to halt their activities and return all monies or digital assets collected from investors.