German Regulator Seizes 13 Crypto ATMs in Countrywide Raid Over Licensing Issues and Money Laundering Risks
Germany's financial regulator, BaFin, has confiscated 13 crypto ATMs in a raid across 35 locations due to the operators not having the necessary licensing. The machines were found to pose a risk of money laundering. The action was taken with the support of the police and the Deutsche Bundesbank, resulting in the seizure of almost 250,000 euros in cash.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget Spot Margin Announcement on Suspension of HIGH/USDT, GTC/USDT, SLP/USDT, PERP/USDT Margin Trading Services
CandyBomb x IR: Trade IR or BTC to share 1,104,000 IR
Bitget to delist the BABY On-chain Earn product
Earn Up to 25 USDT:Buy Crypto with Google Pay/Apple Pay!
