Yao Qian has been arrested. Many people may find the name unfamiliar. Director Yao once served as the head of the Central Bank's Digital Currency Research Institute and during his tenure spoke extensively about the dangers of Bitcoin.

The reason for his arrest is also a common economic issue. Ironically, when accepting bribes, Director Yao did not accept cash or RMB, but only Bitcoin and Maotai liquor. After all, no corrupt official would be foolish enough to put the illicit money into domestic accounts.