🚨 **Crypto Crackdown in Germany!**

German authorities have shut down 47 crypto exchanges linked to illicit activities, including money laundering. The Federal Criminal Police Office (BKA) and the Attorney General's Office in Frankfurt am Main led the operation. These platforms, such as Xchange.cash and Baksman.com, failed to meet "know your customer" (KYC) requirements.

- Some exchanges had been active since 2012.

- Authorities seized customer and transaction data.

- Prosecution may be tough due to international involvement.

What are your thoughts on this crackdown? Share in the comments! 💬