Regulator of Germany combats illegal bitcoin-ATM

The Finnish regulator of Germany has paid attention to the bitcoin-banks, which operate in the country without licence.

Compatibilityto the Handelsblatt report, Federal OfficeThe Financial Supervision Authority of Germany will take over the activity of the bitcoin bank operators who have been working in the country irregularly. Now, in accordance with the Law on Banking Activities of Germany, only devices with the license of BaFin can work in the country.

The operator has fallen for the main distributionBTC-bank under the name "Shitcoins Club", as in March BaFin told the manager Adam Gramovki to stop operating the company operating the company

Shitcoins Club machines are found in different countries of Europe, including Spain, Italy and Poland.

In the light of the fate of the rules, other operators inthe country is showing work. One of the provincial leaders, Ivan Mirchetich, said that the last rules of BaFin are uncomfortable, and the requirements for small companies are becoming more and more difficult. Mirchetich added that the operators of the bitcoin-bankers in Germany are under pressure from further pressure on this sector.

According to CoinATMradar, total numberThe bitcoin bank in Germany reaches 51 units, with the largest number of them being installed in Munich and Berlin. Bo all over the world there are about 9000 BTC-banks, and the United States controls 75% of the market.

The matter is that in March the German FinnishThe regulator classified the cryptocurrency as a financial asset in accordance with the Fifth Directive on the fight against money laundering (5AMLD), in connection with the basis of the certificate

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