Due to the popularity of Huiwang among the Chinese community in Cambodia, many have some money in it. The news caused panic in the market, with many people queuing at Huiwang stores to withdraw their money.
Additionally, some people are privately exchanging Huiwang for ABA, with the price of Huiwang falling. It is said that "currently, the market rate for a large amount of $10,000 is about $9,930, and it's possible to exchange hundreds of thousands," and "it is estimated that it might drop a bit more tomorrow."
There have been several bank runs on Huiwang before. Thus, many people are not too worried: "Huiwang has a bank run every once in a while" and "Huiwang is definitely fine."
However, some express concerns: "Try not to leave money in Huiwang overnight" and "They've already revoked the license, yet they say it's fine, I don't understand what counts as a problem!"
Recently, Huiwang has kept many people awake.
Huawang's license was revoked by the Cambodian government.
汇旺被柬埔寨政府正式取消其银行牌照，这是否彰示着柬埔寨政府决定配合国际打击洗钱？汇旺接下来前途如何？
Comments0
Stop masturbating... Brothers
Every once in a while, Huìwàng experiences a bank run, which is hilariously optimistic.
Sooner or later there will be trouble! The new currency will also be in trouble!
Really think of yourself as a bank
I've never seen an underground money house operate so ostentatiously: building skyscrapers, opening banks, running channels, providing guarantees. They had it coming.
Is it unsafe to set up a cold wallet by myself? Why should it be kept with a third party?
To be honest, where do you put the money after a bank run? In Jiuding?
Hahaha, is the new currency being manipulated behind the scenes?
Huiliang explained today that it was his own decision to give up.
Are you an official from HW Bank?
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