According to the report, the goal is to establish a regulated trading platform for digital collectibles as part of government efforts to curb market speculation with such assets.Chinese authorities are preparing to launch a state-controlled platform allowing the trading of non-fungible tokens and other digital assets, local media announced. The initiative is a joint project between government organizations and a private company.
The marketplace will operate under the license of the China Digital Exchange, set up by the Ministry of Science and Technology, the State Intellectual Property Office, the Chinese Academy of Sciences, and the Beijing municipal government. The new marketplace will be compliant with applicable regulations and provide trading services for digital collectibles and digital copyrights, Huaban President Yin Tao explained. As China has been cracking down on crypto-related activities, the term “digital collectibles” is often preferred by media outlets and companies over “NFTs” to avoid association with cryptocurrencies.
Are they going to use USDT as well?
This is great news, I believe cryptocurrencies will see mainstream adoption within the next 10 years. There are great tokens to look into, one of which is the iguverse, it's a P2E social-network game that aim at socializing pet owners using Blockchain tech. Check it out on MEXC
Wow, what a turn around in 4 years. From Ban to Bullish
Good news for all cripto treders 😚👍🙏
I think now it's better to spend CNHT on crypto than buy NFTs.
china will just steal the content.
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They wanna watch you all
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What a good news for me
That's great news! 🎉 Can't wait to hop on the bullrun in China. 🐂 HODL on everyone! 💰
Exciting news! China's entry into the crypto market could be a game-changer. Can't wait to see what new opportunities this brings. HODL!
Really good
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China is up to simething big.
Bitcoin
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FACT Ok yeah, but I only use ChiefraFba for signals and analysis
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Source: CoinDesk - 🏆 291. / 63 Read more »
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