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China Looks To Set Up Digital Asset Bourse in Virtual Yuan Push

News Snapshot:

on Friday November 26, 2021 @12:58PM from the how-about-that dept. China is considering setting up a digital asset exchange in Beijing as officials push to promote usage of the digital yuan and crack down on cryptocurrencies. From a report: Beijing will explore the possibility of establishing a bourse for digital assets trading, as part of broader efforts to boost financial services in the capital, according to guidelines issued by the State Council. The cabinet called for faster trials of the digital yuan and urged big banks to set up e-CNY operation firms. The statement provided no further details on the…

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