It is an illegal business crime to collect large amounts of U in China and buy and sell foreign exchange in disguise.Using the virtual currency $USDT as a trading medium to illegally convert foreign currencies into RMB on an Internet trading platform is a disguised form of buying and selling foreign exchange. If the circumstances are serious, you will be convicted and punished for the crime of illegal business operations.The Guangdong Provincial Higher People's Court recently issued a document on its public account with the latest case law.Chen purchased Tether USDT from retail investors on a virtual currency trading platform on the Internet. The amount was particularly huge. In February 2022, at a highway intersection in Zhongshan City, Chen used his mobile phone to trade approximately 814,000 Tether with Huang. According to The exchange rate between RMB and US dollars on that day totaled more than RMB 5.1 million. On the way back from the rental car, Chen and Li were caught by the police at the checkpoint, and the above-mentioned transaction funds were seized on the spot. Follow me to learn about the latest court cases as soon as possible and avoid getting into trouble.
