Tether’s USDT Implicated in $2B Illegal Foreign Exchange Scheme in China – Regulation Coming?

On May 15, a few people suspected in an underground banking operation were arrested by Chinese police in Sichuan province. They have been charged in facilitating illegal foreign currency transactions involving around $2 billion worth of Tether's USDT. source: https://cryptonews.com/news/tethers-usdt-implicated-in-2b-illegal-foreign-exchange-scheme-in-china.htm