China Expels Regulator Over Crypto-Linked Corruption

Yao Qian, a former senior official in China’s financial sector, is under investigation for bribery involving cryptocurrency. This marks the country’s first corruption case tied to digital assets. Once a prominent figure in the Securities Regulatory Commission, Yao is accused of abusing his position to accept bribes and misuse regulatory powers. According to China’s Central Commission for Discipline Inspection, he allegedly used virtual currencies to carry out illegal money exchanges and influence deals. Watch our report for more details.