Chinese 'Crypto Dad' faces government investigation

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Chinese 'Crypto Dad' faces government investigation
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Chinese authorities have launched an investigation into former PBoC's CBDC director Yao Qian on suspicion of law violations.

Yao Qian, the first director of CBDC development at China’s central bank, is reportedly under investigation for suspected law violations.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.

Yao Qian, director of the Science and Technology Supervision Bureau of the China Securities Regulatory Commission. Source: 21jingji.com

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