Tonight, everyone is squatting on CCTV, eating melon seeds and watching TV Yao Qian, Yao Bencong, the founder of China's digital currency and the most supportive official of cryptocurrency within the Chinese system, was the first official to be caught by the Central Commission for Discipline Inspection for "using virtual currency for power and money transactions". Just a few days before his arrest, he issued a statement on Caixin calling on China to learn from the United States and open up cryptocurrency regulation. Website of the Central Commission for Discipline Inspection and the National Supervisory Commission of China: Yao Qian took advantage of his position to accept huge bribes from multiple companies and provided assistance to others in information system procurement, involving project contracting, project promotion, fund disbursement, project acceptance, and other matters. Based on Yao Qian's work experience and power utilization characteristics, the disciplinary inspection and supervision team stationed at the China Securities Regulatory Commission thoroughly and meticulously carried out Yao Qian's ideological and political work. After urging him to confess the violations and illegal facts of using his power to help others seek profits and accept virtual currency, he promptly obtained important physical evidence such as virtual currency hardware wallets, strictly followed the requirements of electronic evidence collection, extracted his virtual currency transaction records, and did a good job in price evaluation to promote breakthroughs in the case. Yao Qian was born in 1970 and is from Anhui province. He graduated from the Department of Information Management and the Department of Computer Science at Nanjing University with a PhD in Engineering. He worked in units such as the China Securities Regulatory Commission, China Securities Depository and Clearing Corporation Limited, and the People's Bank of China in his early years, serving as the director of the Central Bank Digital Currency Research Institute. https://mp.weixin. (qq.com)/s/MXdenOjengF_VVD1PcHsXg