Coin World news, on January 10, according to media reports from Taiwan, a 30-year-old man in Kaohsiung was caught by the police for illegally engaging in Tether (USDT) trading, marking the first case since the implementation of the new Anti-Money Laundering Law's Virtual Asset Service Provider (VASP) registration system. The police found that the man was looking for buyers through social media platforms and completed over a hundred transactions within just one month, selling 400,000 Tether coins and making a profit of about 800,000 yuan. At the same time, the police also seized an illegal currency dealer's studio in Taipei City, with the amount involved exceeding 200 million yuan, and illegal profits reaching 20 million yuan. The police remind that individuals and studios that have not registered as required are illegal and can face imprisonment of up to two years and a fine of 5 million yuan (New Taiwan Dollar).