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Story summary
- Beijing is investigating former digital currency institute director Yao Qian for accepting bribes in cryptocurrencies.
- A CCTV documentary disclosed that Yao bought a villa in Beijing for over 20 million yuan using a family member's name.
- Investigators found he received 2,000 ether coins from an unnamed digital currency firm and cashed in 370 coins for 10 million yuan in 2021.
- Yao also accepted a cash bribe of 12 million yuan from an unnamed information services company.
- The Central Commission for Discipline Inspection stated Yao exploited his influence in the crypto sector for personal gain.
