German Authorities Seize 13 Unauthorized Crypto ATMs in Crackdown

On August 22, 2024, German authorities seized 13 unauthorized crypto ATMs in a nationwide crackdown.

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The operation targeted machines operated by Shitcoins Club, found in major cities like Berlin and Hamburg.

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These ATMs, used for unregulated transactions, processed significant amounts of cryptocurrency without proper licensing.

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German regulators have intensified efforts to clamp down on illegal crypto activities, aiming to protect investors.

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The seized ATMs are part of broader measures to ensure compliance with Germany's strict financial regulations.

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