Bitcoin China city Beijing UPS Digital Bitcoin China city Beijing

China considers setting up digital asset exchange to boost e-CNY adoption

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A state-backed digital asset exchange might soon crop up in China. However, cryptocurrencies might not be able to find a spot there.

In a bid to promote the usage of the digital yuan, the center might be pursuing goals to create a digital asset exchange in Beijing.Building infrastructure for digital asset trading is also a part of the center’s efforts to boost financial services in the capital, according to guidelines issued by the State Council.While the guidelines contained no further details

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