RenrenBit founder Zhao Dong, popularly known as the “OTC King,” has been sentenced to seven years in prison by Chinese authorities following an investigation. Zhao Dong, who established RenrenBit, a prominent cryptocurrency over-the-counter (OTC) trading platform, has faced legal consequences for his involvement in the crypto industry. The exact details of the investigation leading to his conviction have not been disclosed. Zhao Dong’s sentencing highlights the Chinese government’s strict stance on cryptocurrencies and serves as a reminder of the potential risks and legal implications associated with the digital asset market in the country.
HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinChina Reveals Details of Zhao Dong's 7-Year Prison Sentence, Dubbed the 'OTC...