🚀 Gate Square Creator Certification Incentive Program Is Live! 
Join Gate Square and share over $10,000 in monthly creator rewards! 
Whether you’re an active Gate Square creator or an established voice on another platform, consistent quality content can earn you token rewards, exclusive Gate merch, and massive traffic exposure! 
✅ Eligibility: 
You can apply if you meet any of the following: 
1️⃣ Verified creator on another platform 
2️⃣ At least 1,000 followers on a single platform (no combined total) 
3️⃣ Gate Square certified creator meeting follower and engagement criteria 
Click to apply now 👉 
China imprisons five people for a scheme to launder 166 million dollars in cryptocurrency.
The Beijing court sentenced 5 operators of an illegal foreign exchange ring to 2–4 years in prison for using USDT to transfer over 166 million USD abroad. This is considered one of the largest cases in China related to money laundering with cryptocurrency, marking a step forward in the authorities' ability to trace blockchain transactions. From January to August 2023, this group converted customer funds into USDT through multiple accounts, disguising illegal foreign exchange transactions.
At the same time, the Governor of the People's Bank of China, Pan Gongsheng, warned that stablecoins threaten global financial stability and affirmed a “zero tolerance” stance towards private cryptocurrencies.
Following directives from Beijing, Ant Group and JD.com have also canceled plans to issue stablecoins in Hong Kong, reflecting China's hardline stance on digital assets.