German Government Shuts Down 47 Exchanges, Says They’re Tied To ‘Illegal Activity’
During a recent investigation, the German government seized some customer and transaction data. This data was related to criminal activities in the crypto space. The authorities revealed that the individuals behind these activities often operate from countries outside of Germany where such actions are tolerated or protected.
The government officials expressed concerns about the challenges they may face in prosecuting these individuals due to their international locations. Despite the seizure of data, it is uncertain whether the German authorities will be able to take further legal action against the perpetrators.
It remains to be seen how this investigation will unfold and whether it will lead to any significant developments in the fight against crypto-related crimes in Germany.
