A German financial watchdog has reportedly recorded a record number of crypto-related suspicious activity reports.
Notifications from banks and financial services companies related to cryptocurrency rose 8.2% to 8,711, Bloomberg News reported Tuesday (June 10), citing information from Germany’s Financial Intelligence Unit (FIU).
The increase came even as the overall number of suspicious activity reports fell in the wake of guidance to the industry about sticking to relevant reports.
Most reports related to Bitcoin, followed by Ether, XRP, Tether and Litecoin, the report said. The FIU says these tokens are in many cases tied to transactions on trading platforms, mixing services or gambling.
The FIU’s findings follow a report…
Jun 11 2025
