Chinese 'Crypto Dad' Under Government Investigation China h | Altcoin Holder

Chinese 'Crypto Dad' Under Government Investigation

China has reportedly launched an investigation into Yao Qian, a key figure in the Chinese blockchain community, on suspicion of legal violations. Yao, known as China's "Crypto Dad," currently serves as the director of the Science and Technology Supervision Bureau at the China Securities Regulatory Commission. He previously played a significant role in China's central bank digital currency research. The investigation by the Central Committee of the Communist Party of China is based on allegations of "serious violations" of discipline and law, although details of the violations have not been disclosed.