JAKARTA - German authorities confiscated nearly 25 million euros in cash (US$28 million or equivalent to Rp428 billion in exchange rates per day) in a national operation targeting cryptocurrency ATMs.
German financial regulator BaFin said authorities confiscated 13 ATM machines operating without a license that pose a risk of money laundering, according to regulators.
As reported by Reuters on Tuesday, August 20, the ATM is used to trade bitcoin and other cryptocurrencies and is located in 35 different locations.
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BaFin is working with law enforcement and German Bundesbank to carry out the operation.
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