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China Tightens Crypto Laws: Trader Convicted for $16.5M USDT Laundering Scheme

Coinedition LogoCoinedition17h ago

China Tightens Crypto Laws: Trader Convicted for $16.5M USDT Laundering Scheme - Coinedition

Quick Summary:

A court in Sunwu County has ruled against a cryptocurrency trader identified as Xiao Yang, who facilitated money laundering operations through USDT (Tether) transactions.

The case is one of 12 virtual currency-related proceedings heard by the court in 2024.

According to court documents, Xiao Yang used WeChat, an instant messaging app, to connect buyers and […]

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China Tightens Crypto Laws: Trader Convicted for $16.5M USDT Laundering Scheme - Coinedition (Picture 1)

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Article Details

Author / Journalist: Vignesh Karunanidhi

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-28 @ 14:15:00 (17 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 152 words

Reading Time: 1 minutes read

Sentences: 51 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 28268379

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About Coinedition

Coinedition Logo

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 19 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #124

Publisher Details

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The story "China Tightens Crypto Laws: Trader Convicted for $16.5M USDT Laundering Scheme" has 152 words across 51 sentences, which will take approximately 1 - 2 minutes for the average person to read.

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The story "China Tightens Crypto Laws: Trader Convicted for $16.5M USDT Laundering Scheme" was covered 17 hours ago by Coinedition, a news publisher based in India.

How trustworthy is 'Coinedition' news outlet?

Coinedition is news outlet established in 2020 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 19 news stories per day.

It's most recent story was published 9 hours ago.

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  • News ID: #28268379
  • URL: https://chronographically.beamstart.com/news/china-tightens-crypto-laws-trader-17458529893589

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