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The Beijing Second Intermediate People's Court recently heard a case involving the use of virtual currency transactions to conceal and hide criminal proceeds, sentencing the defendant Liu to 3 years and 6 months in prison. Liu knowingly sold #USDT# to He, who was holding cash that Liu knew was criminal proceeds, for a cash payment of 200,000 yuan. The judge reminded the public to be vigilant about abnormal trading activities in the virtual currency sector, as participating in such transactions may violate criminal law.
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