Former Head of China’s Digital Currency Project Faces Corruption Charges: Report

Quick Summary:

Yao Qian has been expelled from the Communist Party of China following accusations of having taken bribes.

The executive had been under investigation since April 2024, according to local reports.

The digital yuan, which is undergoing a gradual rollout, is also now being used in jurisdictions outside mainland China.

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Article Details

Author / Journalist: Will McCurdy

Category: Crypto

Markets: EstoniaChinaHong Kong

Topics: Digital yuan CBDC China Law and Order Central bank digital currency

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 12:31:34 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 447 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 23736899

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 5 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 10 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #63

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