Ex-digital yuan chief ‘took $8m in crypto bribes while working at Chinese central bank’ – DL News
- Yao Qian was removed from the Communist Party in 2024.
- Investigators say he took bribes in Ethereum.
- Former subordinate admits setting up a wallet for Yao’s bribes.
The former head of the Chinese central bank’s digital yuan project took at least $8 million in crypto bribes, the country’s government has claimed.
Yao Qian, the ex-head of the People’s Bank of China’s Digital Currency Institute, accepted the bribes from businesspeople, said reporters from the state-run broadcaster CCTV, in a documentary exposé, the Chinese publication China News reported.
“I set up a [wallet] where people would send coins, and then [we could] transfer them to Yao Qian’s personal wallets,” Jiang Guoqing, a former subordinate of Yao, told CCTV in…
