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The Chinese government will launch a state-backed NFT marketplace

China is famous for its ever-changing cryptocurrency policies, encouraging Bitcoin mining to finally banning it. The government ended up banning cryptocurrency trading altogether. However, NFTs have had quite the success, and Beijing decided to launch its first state-backed NFT marketplace, running on its own blockchain, dubbed « China Cultural Protection Chain ». The marketplace will be run by both state-owned and private entities.
A ceremony to celebrate the launch of the platform is to be held on Jan. 1.

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Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.
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