On January 1, 2023, the China Digital Asset Trading Platform, founded by Huaban Digital Copyright Service Center, China Technology Exchange, and Art Exhibition China, is set to launch.
The platform, which has been granted a compliance license from China Technology Exchange, will provide services for non-fungible token (NFT) and digital copyright trading.
Individuals and institutions can register their digital assets and acquire copyright protection through the platform, which is built on the Wenbao Chain blockchain network operated by Art Exhibition China.
China prohibited cryptocurrency transactions in 2021, and has indicated a desire to quell speculative NFT trading activities earlier in 2022.
The NFT trading platform is currently exploring potential trading rules to restrain speculative activities from occurring.