Chinese police bust $1.9B USDT underground banking racket

The authorities destroyed two underground operations in Fujian and Hunan, and the police also froze 149 million yuan worth $20 million linked to the USDT banking operations.

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Tags: Chinese police, underground banking, USDT, stablecoin, Tether, Chengdu, crypto ban, cryptocurrency, China, Kyros Ventures, Bitcoin mining, decentralized exchanges, DeFi, VPNs

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