Is USDT illegal in China?|China warns that using Tether (USDT) as an intermediary in foreign exchange transactions is a violation of the law.
Is the use of USDT considered illegal in China? Given the warning that China has issued stating that utilizing Tether (USDT) as an intermediary in foreign exchange transactions violates the law, I'm seeking clarification on the legality of USDT within the country. Could you please elaborate on this matter? It's crucial for me to understand the regulatory framework surrounding cryptocurrencies in China, especially regarding USDT, as I'm considering investing in this space. Thank you for your assistance.