The former head of China's digital yuan initiative is reportedly under investigation for “serious violations of discipline and law.
Shanghai Securities News recently disclosed an investigation into Yao Qian, a pivotal figure in China's journey towards establishing a central bank digital currency (CBDC). Qian's role at the helm of the People's Bank of China (PBOC) was instrumental in spearheading the research and development efforts behind the digital yuan.
Yao Qian, the first director of CBDC development at China's central bank, is reportedly under investigation for suspected law violations.
Yao Qian, an influential government figure for China's blockchain industry, is under investigation for 'violations of discipline and law.'
Yao Qian is reportedly being investigated for "violations of discipline and law."
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