🚨Chinese police have intensified crackdowns on underground banking networks, focusing on illicit USDT transactions worth billions. The suspects allegedly used Tether's USDT to evade national foreign exchange regulations. Two underground banking hubs in Fujian and Hunan provinces were shut down, with over 190 suspects arrested across 26 provinces. Sichuan, once a crypto hotspot due to cheap hydropower, has seen a shift since Beijing's blanket ban on crypto mining and transactions.🔍 What are your thoughts on China's crypto crackdown? Share below!👇