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German authorities seize 13 unauthorized crypto ATMs
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German authorities seize 13 unauthorized crypto ATMs

German authorities seize 13 unauthorized crypto ATMs across the countryGermany’s Federal Financial Supervisory Authority (BaFin) has seized 13 unauthorized cryptocurrency ATMs in a nationwide operation involving 60 officers and raids across 35 locations. BaFin said the machines facilitated illegal transactions and posed money laundering risks. Under German law, trading currencies, including cryptocurrencies, without proper authorization is illegal, with offenders facing up to five (…) fines.