According to TechFlow, on September 21, The Block reported that two government agencies under the Frankfurt Public Prosecutor's Office in Germany, the Center for Combating Cybercrime (ZIT) and the Federal Criminal Police Office (BKA), jointly closed 47 illegal exchanges, some of which were involved in cryptocurrency business. According to official news, these trading platforms are suspected of money laundering by obtaining and concealing illegal sources of funds. The investigation found that these exchanges deliberately circumvented KYC procedures and did not verify the identities of users when conducting digital asset transactions.