China's Watchdog to Hire Ex-Central Bank's Head of CBDC Department
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An institution of the State Council of the People's Republic of China, the China Securities Regulatory Commission (CSRC), is about to hire ex-People's Bank of China (PBOC)'s central bank digital currency (CBDC) research executive Qian Yao, a local news outlet Caijing reports.

People's Bank of China to Test CBDC in Two China's Cities

The watchdog is reportedly creating a new tech regulation department in order to launch new projects in the area of big data, AI and big data.

Back in October 2018, Qian Yao was appointed as the Deputy Secretary and General Manager of the Central Bank’s Science and Technology Department.

Earlier iHodl reported that China's National Development and Reform Commission released a new version of its "Industrial Structure Adjustment Guidance Catalog", which lists the industries to be developed, limited or eliminated.

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