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AnchorX indicators MoU in Kazakhstan to enhance cross-border belt and highway enterprise

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Hong Kong, China, June 18, 2024, Chainwire

AnchorX, a Hong Kong-based fintech firm and stablecoin professional, is proud to announce the signing of two Memorandums of Understanding (MOU) in Kazakhstan. This was throughout its latest participation in a joint Mainland-Hong Kong enterprise mission from Might 16 to 25, 2024, visiting Hungary, Kazakhstan and Xinjiang to discover the Belt and Highway (B&R) partnership alternatives.

AnchorX was invited to affix the mission to leverage its experience in stablecoin options to assist technological innovation and the digital economic system alongside B&R companions. AnchorX plans to make use of its stablecoin providing, together with the HKD-backed AxHKD, to facilitate cross-border commerce and enterprise actions between Hong Kong and B&R associate nations.

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The primary MOU is with the Astana Worldwide Monetary Middle Authority (AIFC Authority), the regulatory physique accountable for creating AIFC as a number one monetary middle for Central Asia, the Caucasus, the EAEU and Western China. The opposite is Aral Petroleum Capital, one of many main oil and gasoline corporations in jap Kazakhstan.

Conflux Community supplies its core expertise to AxHKD and is presently working with the Chinese language authorities on the “Extremely-Massive Scale Blockchain Infrastructure Platform for the Belt and Highway”. The platform goals to create a cutting-edge blockchain basis able to facilitating multi-country deployments and enabling collaborative surveillance throughout a number of domains.

About AnchorX

AnchorX is a fintech firm primarily based in Hong Kong with a imaginative and prescient to be essentially the most trusted digital foreign money options supplier in Asia. It has strategic backing from high monetary and blockchain corporations, together with Hony Capital and Conflux Community. AnchorX's flagship stablecoin AxHKD maintains a 1:1 HKD peg and is designed to facilitate cross-border transactions and assist the combination of digital and conventional property in Hong Kong.

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Customers can be taught extra: https://www.anchorx.org/ or https://twitter.com/AnchorX_Ltd

About Conflux

The Conflux Community is a permissionless Layer 1 blockchain that connects decentralized economies throughout borders and protocols. It makes use of a hybrid PoW/PoS consensus mechanism to offer a quick, safe and scalable blockchain atmosphere. With Conflux, congestion is eradicated, charges stay low, and community safety is enhanced.

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Because the main regulatory-compliant public blockchain in China, Conflux gives a definite benefit for initiatives seeking to enter the Asian market. The platform works with famend international manufacturers and authorities entities within the area and helps blockchain and metaverse initiatives. Notable partnerships embody the town of Shanghai, China Telecom (NYSE: ), Little Crimson Ebook (Chinese language “Instagram”), McDonald's (NYSE: ) China, and Oreo.

Customers can be taught extra: https://confluxnetwork.org/

ContactMelissa Tireymelissa@shift6studios.com

This text was initially revealed on Chainwire

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