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New court rulings help quantify the scale of Tether-based money laundering in China

New court rulings help quantify the scale of Tether-based money laundering in China


TheBlock
2021-03-17 21:07:04

Quick TakeChina has convicted nearly 100 people since November 2020 for knowingly using USDT to launder over $30 million through OTC desks.The convictions are part of a broader crackdown on illegal internet-based money-making schemes — one that has had a chilling effect on China’s crypto OTC market. 


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