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What will be the primary reason cited for Germany's next cryptocurrency ATM crackdown by December 31, 2024?
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Resolution / Starting Odds
Money laundering • 25%
Tax evasion • 25%
Unlicensed operations • 25%
Other • 25%
Official announcements from German authorities or BaFin, news reports
Story
Germany Seizes $28 Million, 13 ATMs in Crypto Crackdown
Aug 21, 2024, 11:45 AM
German authorities, led by the financial regulator BaFin, have conducted a nationwide operation targeting unlicensed cryptocurrency ATMs. The operation resulted in the seizure of nearly 25 million euros ($28 million) in cash and the confiscation of 13 crypto ATMs. The crackdown involved police and financial authorities and aimed to address illegal operations in the cryptocurrency sector. The raids took place across 35 locations, utilizing 60 emergency responders to ensure the success of the operation.
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Money laundering • 25%
Tax evasion • 25%
Terrorism financing • 25%
Other • 25%
Money Laundering • 25%
Facilitating Ransomware • 25%
Failure to Fulfill Legal Obligations • 25%
Other • 25%
Market volatility • 25%
Economic policy adjustment • 25%
Regulatory concerns • 25%
Other • 25%
Money Laundering • 25%
Ransomware Activities • 25%
Tax Evasion • 25%
Other • 25%
Money Laundering • 25%
Ransomware Facilitation • 25%
Fraud • 25%
Other • 25%
Yes • 50%
No • 50%
Attorney General's Office • 25%
Federal Criminal Police Office (BKA) • 25%
Federal Financial Supervisory Authority (BaFin) • 25%
Other • 25%
41 to 60 • 25%
Less than 20 • 25%
20 to 40 • 25%
More than 60 • 25%
Yes • 50%
No • 50%
Sell remaining holdings • 25%
Hold remaining holdings • 25%
Buy more Bitcoin • 25%
Other • 25%