China Sentences Five to Prison for $166 Million in Illegal USDT Transactions
ByAinvest
Wednesday, Oct 29, 2025 4:14 am ET1min read
USDT--
Five individuals have been sentenced to prison in China for conducting over $166 million worth of USDT transactions, bypassing the country's strict forex controls. The court ruled that the transactions violated China's Anti-Money Laundering Law and Foreign Exchange Administration Regulations. The ruling reflects China's continued crackdown on crypto use, despite some mainland firms expanding into Hong Kong's more permissive framework.
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet