German Regulator Cracks Down: 13 Crypto ATMs Seized amid Compliance Concerns

German authorities have taken action against the unauthorized operation of 13 crypto ATMs in the country. The Federal Financial Supervisory Authority (BaFin) seized the machines, citing their lack of official permission and potential risks for money laundering. The move is part of a broader effort to regulate the crypto industry and ensure compliance with financial laws. The confiscated ATMs will undergo further investigation to determine the extent of their violations. This development underscores the growing scrutiny of crypto-related activities by regulators worldwide. How do you think this enforcement action will impact the crypto ATM sector in Germany? Share your thoughts below!