A Trust Reserve stablecoin team was detained by police in China on May 29, according to PANews.
The news outlet reported that the team “had been taken away by the police and detained, and the family members of some employees had been notified.”
The office in Shanghai was vacant and had a seal of “Judicial Seizure, Strictly No Vandalism,” on it, according to PaNews.
Trust Reserve had products including stablecoin CNHC and the Hong Kong dollar stablecoin HKDC. …
Read More: Trust Reserve Stablecoin Team Detained in China: PANews