Chinese Central Gov’t Wants to Create ‘Digital Asset Exchanges’ as CBDC Nears
China’s policy-forming State Council has announced that it wants the nation to launch Beijing-based digital asset exchanges to power the adoption of its forthcoming central bank digital currency (CBDC) project, the digit...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The council called upon financial bodies to speed up the pilots for the digital yuan and asked commercial banks in the nation to prepare for the imminent start of transactions with the People’s Bank of China (PBoC)-issued token....
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