News Snapshot:
The latest update in China’s financial ecosystem saw the authorities make yet another attempt to push its Digital Yuan’s use, this time around by setting up a digital asset exchange in Beijing. According to Bloomberg , the guidelines issued by the State Council point towards Beijing’s plans to look into establishing a bourse aka exchange for digital assets trading in lieu of boosting financial services in the capital. While the cabinet aims to speed up the nation’s Digital Yuan trials along with appealing banking giants to set up e-CNY operation firms, but there’s still no clarity about the details of...
