Senior Provincial Official Pleads Guilty to Graft and Flouting Crypto Ban

What’s new: Xiao Yi, a former senior political advisor in Jiangxi province, has pleaded guilty for receiving bribes worth more than 125 million yuan ($18 million) and violating cryptocurrency mining rules, according to the Hangzhou Intermediate People’s Court.

Xiao, 60, is accused of taking advantage of his positions, including vice chairman of the Jiangxi’s People’s Political Consultative Conference, to help others secure construction project contracts and career promotions between 2008 and 2021, the Hangzhou court said in a statement published late Thursday.