Funny, right after 1100 crypto money launderers in China were arrested, nobody wanted any more Tethers. [1] Now my statements are entirely circumstantial, but I strongly suggest you watch this space.
> The public security ministry said that by Wednesday afternoon police had busted more than 170 criminal groups involved in using cryptocurrencies to launder money.
> China’s Payment & Clearing Association said on Wednesday that the number of crimes involving the use of virtual currencies is on the rise.
> Because cryptocurrencies are anonymous, convenient and global in nature, “they have increasingly become an important channel for cross-border money laundering,” the association said in a statement.
> The public security ministry said that by Wednesday afternoon police had busted more than 170 criminal groups involved in using cryptocurrencies to launder money.
> China’s Payment & Clearing Association said on Wednesday that the number of crimes involving the use of virtual currencies is on the rise.
> Because cryptocurrencies are anonymous, convenient and global in nature, “they have increasingly become an important channel for cross-border money laundering,” the association said in a statement.
Sounds right to me.
[1] https://www.cnbc.com/2021/06/10/china-arrests-over-1100-susp...