47 crypto exchanges shut down in Germany! 🚫

- The Frankfurt Public Prosecutor's Office and the Federal Criminal Police Office (BKA) have shut down 47 crypto exchanges that were allegedly linked to crimes such as money laundering.

- These exchanges were shut down for failing to meet KYC requirements.

- The BKA has been selling 49,857 BTC since July, creating selling pressure in the market. 📉

Be careful in the crypto world! ⚠️