
银哥|Apr 09, 2025 17:11
USDT international trade settlement transfer has high efficiency and low cost, why don't traders use it?
They are all blind to the law. If one party to the transaction attempts to bypass foreign exchange controls through USDT within China (such as capital flows without approval from the State Administration of Foreign Exchange), they may violate the Foreign Exchange Management Regulations and face administrative penalties or even criminal liability. In addition, if USDT is used for money laundering, illegal fundraising, and other activities, the related behavior may constitute a crime, such as the "money laundering crime" or "illegal business crime" in the Criminal Law.
I don't know whether the legislation of the United States and Europe can be used for trade settlement. What matters to the Chinese people? You can use American and European laws to settle transactions in China? My mind is foolish when it comes to cryptocurrency trading.
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