German Government Shuts Down 47 Exchanges, Says They’re Tied To ‘Illegal Activity’

Some
of
the
exchanges
include

Xchange.cash,

60cek.org,

Baksman.com,
alongside
other
smaller
platforms.
One
of
the
exchanges
had
been
active
since
2012
while
others
had
launched
as
recently
as
the
previous
year.

Some
customer
and
transaction
data
was
seized
by
the
government
in
the
process
of
the
investigation,
it
said.
Given
that
the
people
behind
those
activities
often
reside
in
other
countries
outside
of
Germany,
where
criminal
activities
like
this
are
“tolerated
or
even
protected,”
the
authorities
noted
it
may
be
nearly
impossible
for
German
government
officials
to
prosecute
them.