China's government accused Yao Qian, former head of the digital yuan project, of accepting at least $8 million in crypto bribes. Investigations revealed he received significant amounts in cryptocurrencies, including Ethereum, and used the funds partly to buy real estate. This scandal comes as the People’s Bank of China attempts to promote the digital yuan amid a crackdown on crypto activities.
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[IMPORTANT] Former Digital Yuan Chief Took $8M in Cryptocurrency Bribes, China Officials Reveal
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