Germany closes 47 cryptocurrency exchanges where illegal transactions are carried out

Germany shut down 47 little-known cryptocurrency trading platforms for alleged use in criminal activities. The largest of them had more than 400 thousand users.

Germany closed 47 cryptocurrency exchanges that allowed the exchange between fiat currencies and cryptocurrencies and were found to be used for illegal purposes.

In the statement made by the Federal Criminal Office of Germany's federal criminal police organization, it was stated that the relevant platforms allow clearing transactions without any identity verification.