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Tether’s USDT Implicated in $2B Illegal Foreign Exchange Scheme in China – Regulation Coming?
On May 15, a few people suspected in an underground banking operation were arrested by Chinese police in Sichuan province. They have been charged in facilitating illegal foreign currency transactions involving around $2 billion worth of Tether's USDT.

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UAE Records $25B in Crypto Transactions, Promotes Further Investment With Regulatory Flexibility
Shalini NagarajanShalini Nagarajan
The United Arab Emirates (UAE) recorded $25b in crypto transactions in 2022. Now, it is adopting accommodative regulatory policies to pursue further investment, according to a report published Monday.
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