China Probes Digital Yuan (CBDC) Architect Yao Qian

China’s digital yuan architect faces investigation by anti-graft agencies.

Chinese Security monitoring crypto activity.
Created by Kornelija Poderskytė from DailyCoin
  • China has launched a probe into a pro-blockchain government official.
  • The official is the architect of the digital yuan.
  • He currently heads a department of China’s securities watchdog.

China’s anti-graft authorities have opened an investigation into Yao Qian, a pro-blockchain government figure and a former head of the country’s central bank digital currency (CBDC) institute.

Currently heading a department at the China Securities Regulatory Commission, Qian previously played a pivotal role in leading the People’s Bank of China’s research to create and issue the digital yuan. He left the central bank in 2018, leaving a mark that partly influenced other countries to explore digital currencies.

Authorities Announce Investigation into Yao Qian

On April 26, state-owned news outlet Shanghai Securities News reported that three regulators had launched a probe into Yao Qian’s conduct.


The regulators included the Central Commission for Discipline Inspection, the National Supervision Commission at the China Securities Regulatory Commission, and the Guangdong Provincial Commission for Discipline Inspection and Supervision.

“Yao Qian, Director of the Science and Technology Supervision Department and Director of the Information Center of the China Securities Regulatory Commission, is suspected of serious violations of discipline and law and is currently under investigation by the Central Committee.” The report read.

While the regulators did not specify the accusations levied against Qian, the probe comes as China continues to crack down on corruption by state officials. Last year, China investigated 54 officials registered at and supervised by the Communist Party of China (CPC) Central Committee to safeguard its “high quality economic and social development.”

During the same year, relevant authorities also investigated 2,480 officials at department and bureau level and over 20,000 officials at county and division level.


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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Brian Danga

Brian Danga, a Kenyan crypto reporter, is dedicated to delivering breaking news and updates from the cryptocurrency world. With a background as a Web3 writer and project manager, he recognizes the importance of unbiased reporting. Holding an LLB degree from the University of Nairobi, Brian's analytical skills contribute to his accurate news reporting. His personal interests include cooking, watching documentaries, reading, and engaging in intellectual discussions.