{"id":29769,"date":"2024-04-26T11:06:04","date_gmt":"2024-04-26T11:06:04","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/chinas-former-cbdc-chief-is-under-government-investigation\/"},"modified":"2024-04-26T11:06:04","modified_gmt":"2024-04-26T11:06:04","slug":"chinas-former-cbdc-chief-is-under-government-investigation","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/chinas-former-cbdc-chief-is-under-government-investigation\/","title":{"rendered":"China\u2019s former CBDC chief is under government investigation"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/china-yuan-law-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/china-yuan-law-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/china-yuan-law-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/china-yuan-law-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">China investigating Yao Qian, the former head of the Digital Yuan project.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Local media reports say Yao is under probe for \u201cviolations of discipline and law.\u201d<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Yao Qian, a leading Chinese blockchain expert who previously spearheaded China\u2019s Digital Yuan program, is reportedly under government investigation. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The Digital Yuan is a central bank digital currency (<a href=\"https:\/\/coinjournal.net\/news\/tag\/cbdc\/\">CBDC<\/a>) project that sparked other countries towards similar efforts.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Local media reports say China\u2019s anti-graft agency is probing Yao for alleged \u201cviolations of discipline and law.\u201d<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Ex-Digital Yuan boss under probe<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Yao led the Chinese central bank\u2019s <a href=\"https:\/\/coinjournal.net\/news\/chinas-national-cryptocurrency-is-getting-more-ominous\/\">CBDC effort<\/a> before exiting the PBOC in 2018 to join the Securities Regulatory Commission.<\/span><\/p>\n<p><span style=\"font-weight: 400\">On Friday, state-run news agency Shanghai Securities News, <a href=\"https:\/\/news.cnstock.com\/news,bwkx-202404-5224516.htm\" target=\"_blank\" rel=\"noopener\">reported<\/a>:\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201c<em>Yao Qian, Director of the Science and Technology Supervision Department and Director of the Information Center of the China Securities Regulatory Commission, is suspected of serious violations of discipline and law and is currently under investigation by the Central Committee.\u201d<\/em><\/span><\/p>\n<p><span style=\"font-weight: 400\">The report did not provide details of the investigation.<\/span><\/p>\n<p><span style=\"font-weight: 400\">China\u2019s probe against the SRC official comes a few weeks after Yao\u2019s recent opinion piece in a local financial news outlet, <\/span><i><span style=\"font-weight: 400\">The Block<\/span><\/i><span style=\"font-weight: 400\"> noted.<\/span><\/p>\n<p><span style=\"font-weight: 400\">His article was titled \u201cWarnings Mount Over Novel Bitcoin ETFs That Have Taken the US by Storm\u201d. The publication went live on Chinese financial media outlet Caixin.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The ex-CBDC chief published a book covering multiple crypto topics, including the decentralised autonomous organisation (DAO), decentralised finance (DeFi), non-fungible tokens (NFTs) and X-to-earn.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/chinas-former-digital-currency-chief-is-under-government-investigation\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison ) China investigating Yao Qian, the former head of the Digital Yuan project. Local media reports say Yao is under probe for \u201cviolations of discipline and law.\u201d Yao Qian, a leading Chinese blockchain expert who previously spearheaded China\u2019s Digital Yuan program, [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":29770,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/29769"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=29769"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/29769\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/29770"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=29769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=29769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=29769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}