{"id":284858,"date":"2022-12-29T05:00:21","date_gmt":"2022-12-29T05:00:21","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=284858"},"modified":"2022-12-29T00:31:35","modified_gmt":"2022-12-29T00:31:35","slug":"china-to-launch-its-first-regulated-nft-marketplace-china-digital-asset-trading-platform-on-january-1","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/china-to-launch-its-first-regulated-nft-marketplace-china-digital-asset-trading-platform-on-january-1\/","title":{"rendered":"China to launch its first regulated NFT marketplace, China Digital Asset Trading Platform, on January 1"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">China will launch a regulated platform for trading Non-fungible trading tokens (NFTs) known as China Digital Asset Trading Platform on January 1, 2023, according to local media outlet <a href=\"https:\/\/finance.sina.com.cn\/jjxw\/2022-12-28\/doc-imxyfutf2620277.shtml\">Sina News<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Chinese Technology Exchange, Art Exhibitions China, and Huban Digital Copyrights Ltd, a private corporation, jointly created the platform to facilitate the exchange of NFTs as a secondary market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Platform will also provide institutions and individuals with rights protection monitoring and copyright protection services concerning digital assets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The launch of China Digital Assets Exchange represents an acceleration in the cultural industry's digital transformation in China, according to Yu Jianing, <\/span><span style=\"font-weight: 400;\">an expert on digital assets and metaverse space in China.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Earlier, China\u2019s central bank <a href=\"https:\/\/cryptoslate.com\/china-enters-2022-with-a-first-mover-advantage-on-the-cbdc-front-releases-pilot-versions-of-digital-yuan-wallet-apps-for-android-ios\/\">announced<\/a> the country's CBDC plans and released trial versions of digital yuan wallet apps on mobile.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, in 2021, China passed a law that <a href=\"https:\/\/cryptoslate.com\/over-20-crypto-firms-leave-china-because-of-ban\/\">banned<\/a> all crypto-currency transactions, effectively banning digital tokens such as Bitcoin. The country has also taken strict action against people involved with crypto mining. As a result of the ban, a number of crypto firms in the country ceased operations, including Huocoin, Binance, BiKi, BHEX, and several others.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the country is becoming interested in metaverse and NFTs as the authorities seek to <a href=\"https:\/\/cryptoslate.com\/chinese-government-increases-focus-on-metaverse-eyes-regulations\/\">regulate<\/a> them.<\/span> \u00a0Recently, the eastern Chinese province of Zhejiang announced plans to develop metaverse-related industries valued at over <a href=\"https:\/\/www.scmp.com\/tech\/tech-trends\/article\/3203603\/zhejiang-province-home-alibaba-eyes-200-billion-yuan-metaverse-industry-2025\">200 billion yuan<\/a> by 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China will launch a regulated platform for trading Non-fungible trading tokens (NFTs) known as China Digital Asset Trading Platform on January 1, 2023, according to local media outlet Sina News. The Chinese Technology Exchange, Art Exhibitions China, and Huban Digital Copyrights Ltd, a private corporation, jointly created the platform to facilitate the exchange of NFTs [&hellip;]<\/p>\n","protected":false},"author":1393,"featured_media":284962,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,77055,76232],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China to launch its first regulated NFT marketplace, China Digital Asset Trading Platform, on January 1<\/title>\n<meta name=\"description\" content=\"Institutions and individuals will also be able to access rights protection monitoring and copyright protection services through the NFT trading platform.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/china-to-launch-its-first-regulated-nft-marketplace-china-digital-asset-trading-platform-on-january-1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China to launch its first regulated NFT marketplace, China Digital Asset Trading Platform, on January 1\" \/>\n<meta property=\"og:description\" content=\"Institutions and individuals will also be able to access rights protection monitoring and copyright protection services through the NFT trading platform.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/china-to-launch-its-first-regulated-nft-marketplace-china-digital-asset-trading-platform-on-january-1\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-29T05:00:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-29T00:31:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/china-nft.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Soumen Datta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Soumen Datta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/china-to-launch-its-first-regulated-nft-marketplace-china-digital-asset-trading-platform-on-january-1\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/china-to-launch-its-first-regulated-nft-marketplace-china-digital-asset-trading-platform-on-january-1\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/#person\",\"name\":\"Soumen Datta\",\"url\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/cs-soumen.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/cs-soumen.jpg\",\"caption\":\"Soumen Datta\"},\"jobTitle\":\"Journalist\",\"description\":\"Soumen is a dedicated researcher and writer in the field of cryptocurrencies, DeFi, NFTs, and GameFi projects. 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