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Germany’s Federal Financial Supervisory Authority (BaFin) removed 13 illegally installed cryptocurrency exchange machines in Stuttgart, Munich and other cities. The reason cited for the action was that the ATMs lacked permits for their operation under the country’s commercial proprietary trading or banking transaction legislation.
From BaFin’s point of view…
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Germany’s financial regulator seizes crypto ATMs in Stuttgart and Munich
Germany’s Federal Financial Supervisory Authority (BaFin) removed 13 illegally installed cryptocurrency exchange machines in Stuttgart, Munich and other cities. The reason cited for the action was that the ATMs lacked permits for their operation under the country’s commercial proprietary trading or banking transaction legislation. From BaFin’s point of view…