🚨 Breaking News: German authorities have taken 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 revealed that these platforms, including Xchange.cash and Baksman.com, failed to meet KYC requirements. Some have been operational since 2012!

Authorities seized customer and transaction data but face challenges prosecuting individuals outside Germany. Instead, they'll focus on dismantling the infrastructure enabling these activities.

What are your thoughts on this crackdown? Share below! ⬇️ #CryptoNews #Blockchain