China jails five for moving USDT. | Credit: Getty Images. Key Takeaways A Beijing court sentenced five individuals to prison for illegal USDT transactions. The group converted RMB to USDT and moved it abroad, bypassing China’s strict forex controls. The ruling underscores Beijing’s continued crackdown on crypto, even as mainland firms expand into Hong Kong. China’s tightening grip on cryptocurrency use has claimed another high-profile case. A Beijing court sentenced five individuals to prison fo ...