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China’s $1.9 Billion Underground USDT Banking Operation Uncovered
rooted in the city of Chengdu, utilized USDT for exchanging foreign currencies and facilitating cross-border transactions of non-financial goods like medicine and cosmetics. The underground ...
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Chinese police bust illegal crypto ring worth almost $2 billion
In a recent development, Chinese police have uncovered a massive underground banking racket in the city of Chengdu, involving the popular stablecoin Tether (USDT). The illegal operation ...