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.
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