Compux, the developer of the cryptocurrency network of the same name, has revealed a collaboration with Anchorx and Eastcompeace technology to issue stable, ridiculous technologies linked to Ewan offshore for trade outside China.
Stablecoin will be used in strip countries and route initiatives, a global project led by China to promote trade and infrastructure, including countries such as Pakistan, Sri Lanka, Kenya and Malaysia. This approach seeks to promote cross-border transactions in strategic regions.
Additionally, Comúx has announced the release of Comlux 3.0, scheduled for August. This update promises to increase network capacity to 15,000 transactions per second (TPS). This improvement also allows for international payments and large-scale liquidation of real assets.
The announcement promoted the price of CFX, Compúx’s native cryptocurrency. This represents a 120% increase from $0.10 to $0.22 on the current day. This rebound reflects the market’s interest in stubcoin and network improvements.
This climb places CFX Cryptocurrency with a high weekly growth rate among 100 major market capitalizationsreaching $1.1 billion. Tazos (XTZ) continues, increasing by 62% each week.
In a broader context, Pan Gongshen, director of popular Chinese banks, said in June that central bank issued stubcoins and digital currencies are transforming the global payment system. His comments highlight China’s interest in these assets despite internal restrictions.
Unlike mainland China, Hong Kong, a special administrative region in China, adopts a legal framework that promotes the cryptographic framework and serves as a test centre for new monetary policy.
In this scenario, Hong Kong approved a licensing system for issuing stubcoins, which will take effect on August 1st. As reported by Cryptonoticia, these regulations define the requirements for obtaining a license, clarify what is considered a regulated and formula, and require that the central bank of Hong Kong Power investigate violations and protect them.