AnchorX Refutes Media Claims on Hong Kong Stablecoin Operations

The firm confirms its Kazakhstan-issued license for AxCNH and stresses regulatory compliance amid official warnings from Hong Kong authorities.

Summary

AnchorX issued a statement rejecting inaccurate media reports about its Hong Kong license and operations. The company clarified it holds a stablecoin issuance license from Kazakhstan’s Astana Financial Services Authority and launched the AxCNH stablecoin based on this authorization. AnchorX reiterated its commitment to transparency and compliance with relevant regulations. The Hong Kong Monetary Authority stated there is no offshore RMB stablecoin issued in Hong Kong and cautioned against misinformation.

Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value by pegging it to a reserve asset such as a fiat currency.
  • Astana Financial Services Authority (AFSA): Kazakhstan’s financial regulator responsible for licensing and overseeing financial services within the Astana International Financial Centre.
  • AxCNH: A stablecoin issued by AnchorX under Kazakhstan’s AFSA license, reportedly pegged to the offshore Chinese yuan (CNH).