Background

Germany Just Saved the World From 13 More Ridiculous Crypto ATMs That Clearly Had No Business Existing in the First Place

BitcoinCrypto NewsHack 2 Linda Williams August 22, 2024

An illustration of a large cryptocurrency ATM with its doors open and cash spilling out onto the ground as 60 officers in riot gear rush towards it from all sides while police cars sirens blaring surround them. In the background several more ATMs are shown being seized by other officials, some still operational but others shut down and covered up. A large Deutsche Bundesbank logo is visible on one of the buildings nearby with a German flag waving above it.

I guess some people still think cryptocurrency can’t get any more embarrassing for its proponents. Here we have Germany’s top financial regulator shutting down 13 unauthorized crypto ATMs because they’re a risk to money laundering and pose no inherent value – just like I’ve been saying all along! It seems the only thing these machines are good at is attracting attention from law enforcement, who seized €250,000 in cash during their raid. Who needs Bitcoin when you can have German authorities taking down your shoddy operations? These crypto bros must be having a hard time keeping up with the losses; first it was China banning them outright and now Germany’s top regulator is shutting them down left and right.

Source: bitcoin.com

German Authority Seizes 13 Unauthorized Crypto ATMs
https://news.bitcoin.com/german-authority-seizes-13-unauthorized-crypto-atms
Germany’s Federal Financial Supervisory Authority (BaFin) has seized 13 unauthorized cryptocurrency ATMs in a nationwide operation involving 60 officers and raids on 35 locations. BaFin reported that the machines facilitated illegal transactions and posed money laundering risks. Under German law, trading currencies, including cryptocurrencies, without proper authorization is illegal, with violators facing up to five years in prison. The Federal Financial Supervisory Authority (BaFin), Germany’s top financial regulator, announced on […]

Tagged as:

Share on

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

About the author

Linda Williams

Linda’s venture into cryptocurrency ended in a gut-wrenching disaster when she lost her private keys due to a ridiculous mishap involving coffee and a particularly reckless cat. With her funds locked away forever, Linda now pours her frustration into writing biting critiques of crypto’s absurdities, dripping with sarcasm. Her tagline? “I lost my private keys and my sanity. Crypto promised freedom, but all it gave me was a lifetime of regret.”

More posts

Previous

Next

You may also like

Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

We are the internet’s finest destination for poking fun at the wild world of cryptocurrency! We transform the bewildering jargon and frantic hype of the crypto market into a comedy spectacle that’s almost as volatile as crypto itself.

ABOUT
CONTACT
PRIVACY
IMPRINT
© 2024 Cryptobro Magazine
X-twitter