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Sichuan court hears case of stablecoin reselling foreign exchange, involving over 200 million yuan


2025-07-3019883 Views
Supreme Court released a typical case showing that the Intermediate People's Court of Leshan, Sichuan Province, heard a case of illegal foreign exchange trading using USDT. From 2020 to 2021, Wan Moyuan and others illegally traded foreign exchange through the "RMB-USDT-USD" method, involving an amount of over 2.34 billion yuan. The court found them guilty of illegal business operations, with the main offender Wan Moyuan sentenced to 13 years and 6 months in prison and fined 1.14 million yuan, while the other defendants were also sentenced.




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