CHHB’s ‘patient’ cryptocurrency move

KUALA LUMPUR: Country Heights Holdings Bhd (CHHB) has assured shareholders it will be taking “patient and prudent steps” in its plans to issue its own cryptocurrency. Country Heights had announced on September 21 that it would issue a cryptocurrency called “Horse Currency” that was backed by the group’s existing assets. Tan Sri Lee Kim Yew, CHHB founder and chairman, had proposed to issue one billion Horse Currency, backed by RM2 billion worth of the group’s assets, with an initial 300 million of Horse Currency open for circulation to the public.