China’s Most Prominent Pro-Blockchain Official Undergoes Investigation

• The Chinese government is investigating its most pro-blockchain official for suspected law violations.
• Qian was the creator of China’s Central Bank Digital Currency (CBDC).
• China is renowned for its strict laws regarding cryptocurrency-related issues.

According to reports, the Chinese government is investigating its most pro-blockchain official, Yao Qian, for suspected law violations. Although the specific reasons behind the investigation are yet to be known, Qian was the creator of China’s Central Bank Digital Currency (CBDC). He also served as the Director of the Central Bank’s digital currency research institute.

China’s most prominent pro-blockchain official, Yao Qian, is under investigation by the Chinese government for suspected violations of law. The specific reasons are unknown. He was the creator of China’s CBDC and served as the director of the central bank’s digital currency…

— Wu Blockchain (@WuBlockchain) April 26, 2024

Qian was at the forefront of China’s CBDC campaign, significantly impacting its actualization. In 2017, Qian advocated for issuing a state-owned digital currency, noting its importance in guaranteeing the marke…

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