Loading...
Market
Story
Germany Seizes €25M, 13 ATMs in Crypto Crackdown
Aug 21, 2024, 01:42 PM
German financial regulator BaFin has conducted a nationwide operation targeting unlicensed cryptocurrency ATMs, seizing nearly 25 million euros ($28 million) in cash. The crackdown involved the seizure of 13 crypto ATMs that were operating without proper licensing. This operation, which was carried out with the assistance of police and financial authorities, is part of Germany's efforts to enforce compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. The action reflects a broader move towards tighter controls on cryptocurrency operations in Europe.
View original story
Similar markets
0-10 • 25%
11-20 • 25%
21-30 • 25%
More than 30 • 25%
Less than $10 million • 25%
$10 million to $20 million • 25%
$20 million to $30 million • 25%
More than $30 million • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Money laundering • 25%
Tax evasion • 25%
Unlicensed operations • 25%
Other • 25%
None • 25%
1 to 2 • 25%
3 to 5 • 25%
More than 5 • 25%
Less than 1,500 • 25%
1,500 to 1,999 • 25%
2,000 to 2,499 • 25%
2,500 or more • 25%
Yes • 50%
No • 50%
Below 2,000 • 25%
2,000 - 4,000 • 25%
4,000 - 6,000 • 25%
Above 6,000 • 25%