China's Former Digital Currency Chief Under Investigation for Serious Violations

Yao Qian, a key figure in China's financial regulatory framework, faces scrutiny from the country's top anti-corruption body.

Yao Qian, previously head of China's central bank digital currency institute, is under investigation by China's anti-graft watchdog.
The investigation relates to 'serious violations of discipline and law,' though specific reasons have not been disclosed.
Qian currently serves as the director of the technology regulation department at the China Securities Regulatory Commission.
His roles have significantly influenced China's financial markets, including initiatives to regulate digital currencies and technology.
The probe is part of broader efforts to tighten regulation within China's financial sectors, aiming to restore investor confidence.