China plans to unveil digital yuan-based exchange in Beijing

The Chinese government is considering launching a digital asset exchange in Beijing. Theexchange will also encourage the usage of the digital yuan as part of the State Council's strategy to bolster financial services in the capital. in Beijing. The exchange will also encourage the usage of the digital yuan as part of the State Council's strategy to bolster financial services in the capital. Recent efforts for the establishment of the central bank digital currency (CBDC) have been fast-tracked. For example, the government has demanded faster trials and has pushed institutional banks to work with businesses to develop the necessary infrastructure….