The German regulator BaFin seized 13 bitcoin ATMs for alleged lack of banking licenses. They seized 28 mEUR in „illegal“ funds.
Whatever the facts around this case may be, let’s remember that the German financial „watchdog“ was asleep while Germany‘s worst accounting fraud in postwar history, WireCard, was playing out right under their otherwise so snoopy nose.
Considering that appr. 5,000,000,000 EUR were pulled out of investors’ pockets back then they just need to bust another 2,500 bitcoin ATMs à 2,000,000 EUR each to compensate for their failure to perform their duties.
These are the institutions that keep on wondering why „trust is eroding“. Keep wondering.
https://www.coindesk.com/policy/2024/08/21/german-regulator-seizes-13-crypto-atms/
Nostrrrgh
npub1ah…00q54
2024-08-21 17:33:29
Author Public Key
npub1ahgyj3vryn8tfpzjz8hqdhs9sj59ttzpr60rugzl2v439vevw4tst00q54Published at
2024-08-21 17:33:29Event JSON
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"content": "The German regulator BaFin seized 13 bitcoin ATMs for alleged lack of banking licenses. They seized 28 mEUR in „illegal“ funds. \n\nWhatever the facts around this case may be, let’s remember that the German financial „watchdog“ was asleep while Germany‘s worst accounting fraud in postwar history, WireCard, was playing out right under their otherwise so snoopy nose. \n\nConsidering that appr. 5,000,000,000 EUR were pulled out of investors’ pockets back then they just need to bust another 2,500 bitcoin ATMs à 2,000,000 EUR each to compensate for their failure to perform their duties. \n\nThese are the institutions that keep on wondering why „trust is eroding“. Keep wondering.\n\nhttps://www.coindesk.com/policy/2024/08/21/german-regulator-seizes-13-crypto-atms/",
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