🇨🇳 The Sichuan court is hearing a case involving the illegal trading of foreign exchange using virtual currency, with the amount involved exceeding 200 million yuan.
The Supreme Court has released a typical case showing that the Leshan Intermediate Court in Sichuan elevated the review of a case involving the illegal buying and selling of foreign exchange using $USDT. Between 2020 and 2021, Wan Mouyuan and others illegally traded foreign exchange through the "RMB—USDT—USD" method, with the amount involved exceeding 234 million yuan. The court determined that they constituted the crime of illegal business operations, with the main offender Wan Mouyuan sentenced to 13 years and 6 months in prison and fined 1.14 million yuan, while other defendants were also sentenced.
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