China's Government Probes Digital Yuan CBDC Mastermind Yao Qian

Cryptopolitan

Yao Qian, Former Head of China’s Digital Yuan Effort Reportedly Facing Government Probe

Yao Qian is reportedly on the hot seat after the government launched investigations against him for allegedly violating the law. Yao Qian is the man behind China’s Central Bank Digital Currency (CBDC) initiative. The Chinese CBDC project made headlines in the crypto industry. The Chinese Yuan CBDC research project was led by Yao Qian and backed by the People’s Bank of China. Yao Qian later moved to China’s Securities Regulatory Commission after …