Chinese government to launch state-owned crypto exchange

English Jan 1, 2023

On January 1, 2023, with an official ceremony in Beijing, the “China Digital Asset Trading Platform” will be launched. The first NFT market in the country.

The new exchange will run on an underlying blockchain named “China Cultural Protection Chain”, and will facilitate the trading of digital collections, digital copyrights and property rights.

The platform, which will have a nationwide reach, will be managed by the China Technology Exchange and the China Cultural Relics Exchange Center, as well as the Huaban Digital Copyright Service Center.

According to the report, China Cultural Protection Chain is “the only reliable escrow service platform for tradable digital assets, providing digital asset registration, rights confirmation, escrow, rights protection monitoring, and copyright protection services. for institutions and individual users”.

In addition, the platform is partnering with “Digital Collection Home”, the first metaverse digital collection credit aggregation and assessment platform in China, developed by Zhongrong Global Holdings. With the partnership, platform users will be able to access the metaverse and data related to the digital collection, content and other services.

Tags

Morel Hernandes

Writer passionate about politics, economics, blockchain and crypto-currencies.