BeInCrypto – When the crypto regulation suffers from a unique duality, the “China Digital Asset Trading Platform” will be launched.
According to information published from China, the platform will be jointly built by China Technology Exchange, China Cultural Relics Exchange Center and Huaban Digital Copyright Service Center.
The point of Chinese digital asset trading platform It is to provide a comprehensive and unified trading system as well as a scientific trading system for digital asset trading. For the same reason, it will be assigned to art and sold copyright.
The need for this regulated NFT platform is due to the urgent need to digitize the national culture, a process in which blockchain technology will be essential. On the one hand, it is expected to promote the digital development of cultural industries and museums.
Yu Jianningco-chair of the China Telecom Industry Association’s Blockchain Special Committee, specifies:
“In terms of industry supervision and compliance, digital clusters are a new type of business, and laws, regulations and regulatory policies will be gradually improved, so there are some uncertainties.”
In early December, China’s Hangzhou court ruled that NFTs should be regulated because they possess property characteristics such as value, scarcity, availability, and marketability.
For this reason, they argued that non-fungible tokens and collections of digital art should have the same protection as physical property. a) yes, The Chinese digital asset trading platform is in line with the country’s laws.
In terms of metaviruses, Zhejiang Province has announced its plans to build an industry related to this industry, thanks to an investment that will exceed $28.7 billion in 2025.
As for the private sector, Ali Baba (New York Stock Exchange 🙂one of the giants in the worldwide e-commerce industry, has announced that it will enter the metaverse by 2023, by developing Tao Life Citywhere you can make purchases, interact with other users and participate in contests.
China will launch its first censored NFT platform first seen on BeInCrypto.
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