[Fujian Putian Court Rules on Illegal Foreign Exchange Case Involving Virtual Currency, Amounting to 13.3 Billion RMB] The Hanjiang District Court in Putian City, Fujian Province, heard a case involving illegal foreign exchange transactions using virtual currency, with the amount involved exceeding 13.3 billion RMB. The defendants used USDT to establish an underground foreign exchange network, soliciting clients through overseas messaging apps and illegally exchanging virtual currency for RMB and foreign currencies. The illegal foreign exchange transactions amounted to 25.62 million RMB. The court sentenced 15 defendants to prison terms ranging from 8 months to 3 years for crimes including illegal business operations and imposed fines.