USDT implicated in $2B illegal currency exchange scheme in China

USDT implicated in $2 billion illegal currency exchange scheme in China

The scheme spanned 26 provinces of China, including municipalities and autonomous regions. Police arrested more than 90 suspects linked to the criminals. Experts believe the event could trigger a wave of tighter regulations in countries around the world

Tether founder Paolo Ardoino reported that they are cooperating with 24 agencies in more than 40 countries, successfully freezing wallets in response to 198 requests over the past year and 339 requests over the past three years