A Beijing court has imposed strict measures on the use of cryptocurrency for illegal activities, declaring Liu guilty of money laundering.
Court Ruling on Money Laundering
The Beijing Second Intermediate People’s Court sentenced Liu to 3 years and 6 months for using USDT to launder funds. Liu sold USDT knowing the funds were fraudulently obtained, and was fined 40,000 yuan with his illegal gains confiscated.
Continued Fight Against Crypto Fraud in China
Chinese authorities emphasize aggressive prosecution against cryptocurrency misuse. This strict enforcement reflects efforts to curb illegal financial activities, with the judiciary continually monitoring potential money laundering schemes involving crypto.
USDT Market and Impact on Crypto Trading
As of August 21, 2025, USDT maintains a market cap of 167.04 billion and a trading volume of 124.09 billion, highlighting stable adoption and demand despite volatile crypto markets.
This case underscores China's strict stance on the use of cryptocurrency in illegal schemes and the need for compliance in international crypto trading.
