Yao Qian, the first director of CBDC development at China’s central bank, is reportedly under investigation for suspected law violations.
China authorities have reportedly launched an investigation into local pro-blockchain official Yao Qian on suspicion of legal violations.
According to an April 26 report by the Shanghai Securities News, Yao is currently under investigation by the Central Committee of the Communist Party of China on suspicion of “serious violations” of discipline and law. The specific reasons for the investigation are not disclosed.
Currently serving at the China Securities Regulatory Commission as director of the Science and Technology Supervision Bureau, Yao is a significant figure in the Chinese blockchain community.