A Chinese national, identified by authorities as “Mr. Chen,” was sentenced to nine months in prison for buying US dollars worth 94,988 yuan (just over $13,000). This was reported by local media.
According to the prosecutor’s office, in February 2022, Chen was contacted by an acquaintance with the surname Lin and asked him to buy Stablecoins for him by transferring fiat dollars.
For his services, the accused received 147.1 yuan (US$20.26) as commission.