Germany Seizes $28M in Cash, Shuts Down 13 Unlicensed Crypto ATMs

Germany Seizes $28M in Cash, Shuts Down 13 Unlicensed Crypto ATMs

German authorities recently conducted a sweeping anti-money laundering operation, leading to the confiscation of 13 unlicensed crypto ATMs and the seizure of nearly $28 million in cash across 35 locations nationwide. This coordinated effort, which took place on August 20, highlights Germany's ongoing crackdown on crypto-related malpractice. The raids, orchestrated by the Federal Financial Supervisory Authority (BaFin) in partnership with loca...

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