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Crackdown Alert: German Officials Snatch $279K in Bitcoin ATM Sting
In recent developments, Germany has undertaken a significant operation against cryptocurrency ATMs operating outside the regulatory framework, seizing nearly €250,000 ($279,000) and shutting down 13 machines. This move by the German Federal Financial Supervisory Authority (BaFin), in collaboration with law enforcement and the German Bundesbank, underscores the ongoing challenges and tensions between the realm of…
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US Officials Transfer Seized Bitcoin Worth Millions
The Shadowy World of Seized bitcoin: A Look Behind the Curtain In a move that mirrors the complex and often unnoticed operations of digital asset management by government bodies, a recent transaction has cast a spotlight on the U.S. government’s handling of seized bitcoin. Following Germany’s record-breaking disposition of almost $2.9 billion worth of bitcoin,…