The municipal government of Chongqing city, China, is mulling the formation of a “blockchain digital asset exchange,” but no one is quite sure what it means.
Apart from attracting more specialized talent with additional funds, the notice said it will focus on building a blockchain ecosystem, which most notably included “establishing a blockchain digital asset exchange.”
With that wording, the effort was initially anticipated by the Chinese crypto community as being a government-backed cryptocurrency exchange, and was then circulated as such among local media and on social networking platform Weibo.
Subsequently, the Chongqing city government’s official website republished the same statement early Friday morning – including mention of the “blockchain digital asset exchange.”
Instead, the blockchain digital asset exchange seems to be a platform that facilitates exchanges of “non-standard assets” that are digitalized through blockchain technology.

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