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coinpedia 2024-08-21 06:43:05

German Authorities Seize $28M In Cash Over Unlicensed Crypto ATMs

The post German Authorities Seize $28M In Cash Over Unlicensed Crypto ATMs appeared first on Coinpedia Fintech News In a recent crackdown, the German authorities have seized $28 Million in cash nationwide as it confiscated 13 machines installed in 35 unlicensed cryptocurrency ATM locations. Crypto ATMs are machines that enable users to purchase and sell cryptocurrencies like Bitcoin using cash or a debit card. While such transactions are governed by the Banking Act …

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