CoinOtag
2025-12-02 15:11:34

Huione Pay Branches Close Amid Sanctions; USDH Stablecoin’s Future Uncertain

The Huione Pay closure in Cambodia stems from U.S. and UK sanctions targeting the Huione Group's role in the nation's $19 billion scam economy, halting cash withdrawals and freezing branches amid international efforts to disrupt money laundering networks linked to crypto scams. Huione Pay branches locked doors on Monday, with social media showing long queues [...]

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