[Shenyang Police Uncover Illegal Currency Exchange Case Involving Bitcoin and Tether, Amount Exceeds 16 Million RMB] The Liaoning Provincial Public Security Department, acting on information provided by U.S. authorities, apprehended Tong Moumou and Chen Moumou in Wuhan for allegedly laundering money for drug traffickers. Both individuals were sentenced to fixed-term imprisonment and fined this September. Tong Moumou engaged in illegal foreign exchange transactions totaling over 16 million RMB through a 'mirror trading' method, instructing domestic individuals to purchase virtual currencies such as Bitcoin and Tether and resell them to overseas individuals in exchange for U.S. dollars in cash. Currently, Chinese authorities have reported the situation to U.S. counterparts via anti-money laundering cooperation channels and reached a consensus on law enforcement collaboration.