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Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Vietchong on August 06, 2020, 08:10:38 PM

Title: German Regulator Seizes Crypto ATMs
Post by: Vietchong on August 06, 2020, 08:10:38 PM
Germany’s financial regulator BaFin is seizing bitcoin ATMs run by “Shitcoins Club” months after ordering its Polish operator to cease trading crypto in the country.

Title: Re: German Regulator Seizes Crypto ATMs
Post by: Keelin on August 07, 2020, 07:09:29 AM
Quote from: Vietchong on August 06, 2020, 08:10:38 PM
Germany’s financial regulator BaFin is seizing bitcoin ATMs run by “Shitcoins Club” months after ordering its Polish operator to cease trading crypto in the country.

  • On Wednesday, authorities began shuttering "Shitcoins Club" storefronts and seizing its bitcoin ATM machinery, a BaFin official confirmed with CoinDesk, for allegedly operating without banking or proprietary trading licenses.
  • BaFin ordered Shitcoins' parent company KKT UG to cease all German crypto trading operations in February. But CEO Adam Gramowski flaunted regulators' demands and kept his kiosks running, according to financial news site Handelsblatt. Gramowski did not immediately respond to a CoinDesk request for comment.
  • The action will likely take a substantial portion of Germany's crypto ATMs offline. Shitcoins Club has around 17 bitcoin, litecoin and ether ATMs in the country; Germany as a whole has only 67 operational bitcoin ATMs.
Shitcoins Club crypto ATMs can be found in shopping malls, self-service stores and other locations across Europe. These Polish company's ATMs are stable and have an interesting design that represents the true spirit of crypto.
Title: Re: German Regulator Seizes Crypto ATMs
Post by: Gurujebs on August 07, 2020, 09:16:35 AM
Quote from: Vietchong on August 06, 2020, 08:10:38 PM
Germany’s financial regulator BaFin is seizing bitcoin ATMs run by “Shitcoins Club” months after ordering its Polish operator to cease trading crypto in the country.
They have come far to installed 60 plus working atm machines in the country, they must have violated the rules and regulations. Germany is  strict country with crypto in general.
Title: Re: German Regulator Seizes Crypto ATMs
Post by: Keelin on August 08, 2020, 07:50:37 AM
Shitcoins Club crypto ATMs can be found in shopping malls, self-service stores and other locations across Europe. These Polish company's ATMs are stable and have an interesting design that represents the true spirit of crypto.
Title: Re: German Regulator Seizes Crypto ATMs
Post by: ashraf786100 on August 09, 2020, 06:51:43 AM
The owner has been working hard for over to make tea and machines, and he has to work hard against the rules and regulations. Germany has a lot in common with the corrupt.