The Anhui court dismissed a claim of unjust enrichment in a Tether transaction, reinforcing China’s strict stance against cryptocurrency recognition. This ruling has minimal impact on the overall market, maintaining stability despite legal uncertainties surrounding Tether.
Currently, USDT is priced at 1.00 USD, with a market cap of approximately 172.88 billion USD. The lack of commentary from financial authorities indicates a careful approach to cryptocurrency regulation, reflecting the ongoing challenges in the legal landscape.
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