Germany Shuts Down 47 Crypto Exchanges Linked to Cybercrime Networks

Germany Shuts Down 47 Crypto Exchanges Linked to Cybercrime Networks

The German government has taken down 47 cryptocurrency exchanges, accusing them of fostering an “underground economy” that facilitated cybercriminal activity. The crackdown marks a significant move by authorities, who are now shifting their focus toward prosecuting the platforms' potentially criminal users. In a joint statement issued on Sept. 19, Germany’s federal criminal police office, Frankfurt’s main prosecutor’s office, and the country’...

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