Oddbean new post about login | logout Conflux aims for Q2 launch of HKD-pegged stablecoin with AnchorX. https://www.tbstat.com/wp/uploads/2019/06/hong-kong-dollar-1200x675.jpg?isSafari=false&isMobile=false
The joint venture's success in launching the AxHKD stablecoin is anticipated to be influenced by the regulatory landscape in Hong Kong. Notably, the Hong Kong Monetary Authority (HKMA) recently initiated a regulatory sandbox for stablecoin issuers, with the objective of supervising stablecoin issuers in the region and providing guidelines for firms, such as Conflux, seeking to issue fiat-pegged stablecoins.
