China's digital yuan is struggling with corruption scandals and slow adoption, hindered by established online payment platforms like Alipay and Wechat Pay. The corruption scandal involving Yao Qian, a key figure in the e-CNY's development, further complicates its implementation.
Yao Qian, ex-leader of China's digital currency initiative, has been expelled from the Communist Party of China due to bribery accusations.
Yao Qian, a top Chinese crypto advocate, has been expelled from the Communist Party for corruption involving cryptocurrencies. This highlights the complexities of China's ban on crypto trading against ongoing underground activity.
Yao Qian, a former key figure in China's digital currency initiatives, has been expelled from the Communist Party and government for corruption involving bribes and cryptocurrency deals.
Yao Qian, architect of China's CBDC, expelled from the Communist Party of China due to crypto bribery allegations.
Yao Qian, ex-chief of China's CBDC, is accused of using cryptocurrencies for bribery and personal gain, leading to his expulsion from the Communist Party and prosecution.
Yao Qian, a Chinese securities official, was ousted for misconduct related to virtual currency violations. He has been expelled from the Communist Party and removed from his public office role.
Yao Qian, ex-digital currency chief, was expelled from the Chinese Communist Party for alleged corruption involving crypto.
Yao Qian, key advocate for China's blockchain and CBDC efforts, is under investigation for legal violations.
Yao Qian, the mastermind of China's CBDC project, is under investigation for alleged misconduct.
Yao Qian, the former CBDC development director at China's central bank, is reportedly under investigation for suspected law violations.
Yao Qian, the former chairman of China's digital yuan project, is being investigated for serious disciplinary and legal violations.
China has started an investigation against Yao Qian, the architect of its CBDC, on charges of 'disciplinary and law violations', despite the nation's ban on Bitcoin.
Yao Qian, the former head of China's digital yuan initiative, is under investigation for allegedly violating discipline and law.
Yao Qian, a prominent leader in China's blockchain industry, is being investigated by the country's anti-corruption agency for alleged misconduct.