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About WCFX

Sustainable Infrastructure for the global token-economy. Conflux enables creators, communities, and markets to connect across borders and protocols Conflux is a high throughput first layer consensus blockchain that utilizes a unique Tree-Graph consensus algorithm, enabling the parallel processing of blocks and transactions for increased throughput and scalability.As the only regulatory compliant, public, and permissionless blockchain in China, Conflux provides a unique advantage for projects building and expanding into Asia, connecting decentralized economies to strengthen the global DeFi ecosystem.

Wrapped Conflux (WCFX) is a cryptocurrency launched in 2020. WCFX has a current supply of 31.93M with 31.93M in circulation. The last known price of WCFX is 0.170824526101 USD and is 0.011433447631 over the last 24 hours. It is currently trading on active market(s) with $380,751.85 traded over the last 24 hours. More information can be found at https://confluxnetwork.org/.

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WCFX Price Statistics
WCFX’s Price Today
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Updated Jul 16, 2024 10:30 am
Wrapped Conflux
Mkt Cap $5.45M
There's nothing here for now
Hong Kong Treasury Department: Stablecoin issuers must have full reserves
Hong Kong Treasury Department: Stablecoin issuers must have full reserves
The Hong Kong Treasury Department said that in view of the important role of fiat stablecoins in the Web3 and virtual asset ecosystem, and the increasingly close connection between the traditional financial system and the virtual asset market, the SAR government needs to establish a regulatory system for fiat stablecoin issuers to regulate in a risk-based and pragmatic manner. The three main requirements include reserve management and stability mechanisms (for example, requiring issuers to ensure that fiat stablecoins are fully backed by high-quality and highly liquid reserve assets), redemption requirements, and regulatory requirements such as governance, knowledge and experience. In addition, the Hong Kong Treasury Department recommends that only licensed fiat stablecoin issuers, banks, licensed corporations, and licensed virtual asset trading platforms can sell fiat stablecoins in Hong Kong or actively promote related services to the public in Hong Kong. For existing stablecoin issuers, the proposed regulatory system will also have corresponding transitional arrangements. In addition, the Treasury Department hopes that an appropriate and internationally recommended regulatory system for fiat stablecoin issuers can provide users with sufficient protection to deal with potential risks to monetary and financial stability, so that Hong Kong's virtual asset ecosystem can develop sustainably and responsibly.
Jul 16, 2024 10:06 am

Frequently Asked Questions

  • What is the all-time high price of Wrapped Conflux (WCFX)?

    The all-time high of WCFX was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Wrapped Conflux (WCFX) is 0. The current price of WCFX is down 0% from its all-time high.

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  • How much Wrapped Conflux (WCFX) is there in circulation?

    As of , there is currently 31.93M WCFX in circulation. WCFX has a maximum supply of 0.

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  • What is the market cap of Wrapped Conflux (WCFX)?

    The current market cap of WCFX is 5.45M. It is calculated by multiplying the current supply of WCFX by its real-time market price of 0.170824526101.

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  • What is the all-time low price of Wrapped Conflux (WCFX)?

    The all-time low of WCFX was 0 , from which the coin is now up 0%. The all-time low price of Wrapped Conflux (WCFX) is 0. The current price of WCFX is up 0% from its all-time low.

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  • Is Wrapped Conflux (WCFX) a good investment?

    Wrapped Conflux (WCFX) has a market capitalization of $5.45M and is ranked #1325 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Wrapped Conflux (WCFX) price trends and patterns to find the best time to purchase WCFX.

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