Râu Cao ⚡ on Nostr: The German federal police just executed a major, concerted crackdown on non-KYC ...
The German federal police just executed a major, concerted crackdown on non-KYC exchanges:
"The operators of the now shut down exchange services are accused of knowingly concealing the origin of criminally obtained funds on a large scale through inadequate implementation of legal requirements for combating money laundering (so-called know-your-customer principle), and thus of having made themselves liable to prosecution for money laundering and operating criminal trading platforms on the Internet in accordance with Sections 127, 261 Paragraph 1 Sentence 1 No. 2 and Paragraph 4 of the Criminal Code."
https://www.bka.de/DE/Presse/Listenseite_Pressemitteilungen/2024/Presse2024/240919_PM_finalexchange.html
And they're actively threatening all past users of these exchanges:
https://www.finalexchange.de/en
"The operators of the now shut down exchange services are accused of knowingly concealing the origin of criminally obtained funds on a large scale through inadequate implementation of legal requirements for combating money laundering (so-called know-your-customer principle), and thus of having made themselves liable to prosecution for money laundering and operating criminal trading platforms on the Internet in accordance with Sections 127, 261 Paragraph 1 Sentence 1 No. 2 and Paragraph 4 of the Criminal Code."
https://www.bka.de/DE/Presse/Listenseite_Pressemitteilungen/2024/Presse2024/240919_PM_finalexchange.html
And they're actively threatening all past users of these exchanges:
https://www.finalexchange.de/en