11 Oct 2021
Readen Holding Corporation (OTC Pink: RHCO) Announces its Decision to Stop Issuing OkToken
READEN HOLDING CORPORATION (OTC PINK: RHCO), a Venture Capital Corporation, active in the Fintech, Online Payment and E-commerce industries, today announced that it has decided to stop issuing its cryptocurrency, OkToken, due to the uncertainty on new crypto regulations in China.
OkToken ( www.oktoken.biz ), formerly known as 999OK-COIN, is a cryptocurrency issued by RHCO earlier this year, and is backed by RHCO shares. It is a token developed for venture capital investors, and it gives all individuals the opportunity to invest in venture capital and join the cryptocurrency economy without being overly dependent on traditional cryptocurrencies. It was traded privately and had not been listed on any crypto trading platform yet.
All buyers of OkToken will receive a corresponding amount of RHCO existing shares reserved for OkToken holders immediately. All trading of OkToken will stop until further notice. The Company made this decision due to the current ban of all crypto activity in China, and chose to responds quickly to minimize the risk of investors. In September, ten Chinese agencies, including the central bank, financial, securities and foreign exchange regulators, vowed to work together to ban all cryptocurrency-related activity.