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China will NOT be releasing their own exchange for crypto & RMB. The OP of that thread is trolling.

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Suffice it to say, he didn't even post a link to a news article in the thread. It's beyond me how that thread made it to the front page. If you ask me why we're having a price surge, I genuinely think some financial institution in Korea or Japan bought because I live in Singapore time zone (same as Beijing time zone) and the price surge happened leading up to 8 A.M. and Korea and Japan are one hour ahead of my time zone.

EDIT: Just posting some copy/pasta to my response in his original thread:

I googled the first two or three sentences of his "news" which was a screenshot. Here it is: https://i.redd.it/lbwis6s38cy71.jpg

When I google searched the first two or three sentences, I found this story that was published 2021-10-08 (October 8th 2021, you see this at the top of the article) http://www.ciyouerke.com/hqfx/1535.html Then we scroll down a bit and read a few sentences from the middle of the story:

Slap this in to google translate:

现在真的是假消息到处都是在群里看到一张截图显示北京日报客户端发表了一篇题为《人民日报:北京交易所将成立虚拟货币交易中心,以数字人民币结算》的文章,让人看的好心动,再配上币的拉盘,真的就以为是真的了。

EDIT 2: He wasn't trolling, he was deceived.

He believed the content of the screenshot and he acted on it.

submitted by /u/sgtslaughterTV
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