In a new report, the law enforcement agency said drug traffickers were turning to digital currency ATMs as a way of illegally transferring money to avoid detection.
A notice confirms that digital currency ATMs constitute banking business, meaning they fall within BaFin’s regulatory remit.
Police in Hong Kong have arrested three people who they claim stole close to $30,000 from BTC ATMs in the city.
The German regulator said Shitcoins Club wasn’t licensed to facilitate ‘proprietary trading on a commercial basis.’
Firms operating digital currency ATMs are technically operating digital asset exchanges, which need to be authorized by the regulator.
Paxful has entered into a partnership with CoinLogiq, a blockchain company out of Colombia, to begin to install crypto ATMs in the country, as well as Peru.
The scammers used the simplest technology to scam potential victims: a poster.
Nevada is forcing the ATM operators to get licensed so they can get a clear picture of how many ATMs are in the state.
If someone steals a BTC ATM, it might be a long time before anyone notices.
Law enforcement in Spain the automated machines operate within an anti-money laundering blind spot that is helping criminals.
Coinsquare has bought into Just Cash, a move that will allow users to trade in crypto right from an ATM.
According to law enforcement in Vancouver, a ban would bring an end to a reported surge in criminal use of the crypto ATMs.
