German law enforcement agencies have taken action against 47 cryptocurrency exchange services operating within the country. The agency cited their involvement in facilitating criminal activities. The Bundeskriminalamt (BKA), which is Germany’s central criminal investigation agency, announced the crackdown against these exchanges in a recent press release. Per the details, the Frankfurt am Main Public Prosecutor’s Office and the Federal Criminal …

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Germany Shuts Down 47 Crypto Exchanges In Sweeping Anti-Money Laundering Operation

German authorities have shut down 47 crypto exchanges connected to illicit activity, including money laundering, in a forceful anti-cybercrime …

German authorities have shut down 47 crypto exchanges connected to illicit activity, including money laundering, in a forceful anti-cybercrime action. Under the direction of the Federal Criminal Police Office (BKA) and the Frankfurt am Main Public Prosecutor’s Office, this operation emphasizes the continuous fight against financial crime in the digital world. The supposedly anonymous transactions carried out by the exchanges enabled cybercrimina…

Bitcoinist

German authorities have gone on a crackdown on its crypto industry, shutting down 47 crypto exchanges over allegations of money laundering and other illicit practices.   The post German authorities shut down 47 crypto exchanges over alleged money laundering appeared first on Nairametrics.

Nairametrics

German authorities shut down 47 crypto exchanges over alleged money laundering

German authorities have shut down 47 cryptocurrency exchanges for their role in facilitating criminal activities, according to a joint statement from the Central Office for Combating Internet Crime (ZIT) and the Federal Criminal Police Office (BKA). The exchanges were deactivated after the authorities determined they had been involved in money laundering. The ZIT and BKA…

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German authorities shutdown 47 crypto exchanges facilitating crime, seize servers, data

German authorities have shut down 47 crypto exchanges connected to illicit activity, including money laundering, in a forceful anti-cybercrime action. Related Reading: Hong Kong Crypto Growth Tops Eastern Asia – How Did It Outpace The region? Under the direction of the Federal Criminal Police Office (BKA) and the Frankfurt am Main Public Prosecutor’s Office, this […]

Bitcoin Insider

German authorities have shut down 47 cryptocurrency exchanges for their role in facilitating criminal activities, according to a joint statement from the Central Office for Combating Internet Crime (ZIT) and the Federal Criminal Police Office (BKA). The exchanges were deactivated after the authorities determined they had been involved in money laundering. The ZIT and BKA claim that the platforms allowed users to exchange crypto and other digital…

CryptoSlate

The German Federal Criminal Police Office (BKA), in cooperation with the Central Office for Combating Internet Crime (ZIT), has dealt a severe blow to the “infrastructure of digital money launderers in the underground economy,” it said Friday. As part of the “Final Exchange” campaign, a total of 47 so-called Exchange Services hosted in Germany were shut down. These make it possible to exchange fiat and cryptocurrencies and are generally not ille…

CSO Online

German police dismantles illegal crypto exchanges

German authorities have shut down 47 cryptocurrency exchanges that were facilitating criminal activities, including money laundering.  The coordinated action was led by the Central Office for Combating Internet Crime (ZIT) and the Federal Criminal Police Office (BKA), marking a significant step in Germany’s efforts to fight cybercrime. The platforms in question were found to allow anonymous crypto transactions, enabling users to hide the origins…

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47 Crypto Exchanges Closed In Germany Over Criminal Activity Allegations » News.ng

German Government Shuts Down 47 Crypto Exchanges Germany has shut down 47 cryptocurrency exchanges for alleged involvement in criminal activities.

Germany cracks down on 47 crypto exchanges, citing illegal ties

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