Chinese Court Convicts 17 for USDT Money Laundering

A recent court ruling in Fujian, China has convicted 18 individuals of operating an illegal foreign exchange network using Tether (USDT). This operation saw over 13.3 billion RMB laundered illicitly, highlighting China’s continued efforts to combat financial crimes linked to cryptocurrency. The convictions are part of a larger regulatory crackdown on USDT-related activities in the country.