Author: Lawyer Shao Shiwei
Recently, Lawyer Shao was handling a case involving the purchase and sale of USDT (Tether) on U-Trade, where the defendant was accused by judicial authorities of engaging in illegal foreign exchange operations using virtual currency as a medium.
Although, in Lawyer Shao's view, the case has not yet established a complete chain of evidence sufficient for conviction, the case involves a transaction amount of hundreds of millions, and in recent years, the defendant has used dozens of bank cards belonging to friends and family to facilitate virtual currency transactions through collection and payment. From the perspective of the investigators, this operational mode does not resemble a "normal" business. Therefore, the prosecutor believes that even if it does not constitute illegal business operations, they are still considering charging the defendant with other crimes, such as credit card management violations, aiding and abetting crimes, and concealment crimes.
In "Case Notes | What are the risks of using someone else's bank card to receive payments when buying and selling USDT? — Analyzing illegal operations, aiding and abetting, concealment crimes, and others in a virtual currency case involving hundreds of millions"