Re: Spain – busted - Crypto ATMs used to launder narco money on a large scale
Damn. This kind of news would discourage other companies from developing Bitcoin ATMs in the future since the government will be looking at these ATMs even more closely due to these scams.
Good!
ATMs are the one thing I could live without, them and their fees.
Don't most bitcoin ATMs have cameras in them? They could probably check the timestamps of the transactions and look at the certain time frames in the video recording to determine who's behind the laundering.
Damn. That's definitely a lot of profit for the bitcoin ATM provider.
Damn. That's definitely a lot of profit for the bitcoin ATM provider.
I bet my money on the operator knowing about the money laundering.
Let's be serious, who is laundering money at a 7% fee, tx fee, again BTC > fiat fee.
At this cost, it's better to set actually pay taxes
(yeah, probably its drug money but still...)These two ATMs now have the arguable honour of being the first ATMs to be detained in Europe (so as to say
).
Unfortunately for them, they are late:
https://www.ccn.com/russian-police-seize-22-cryptocurrency-atms-under-central-bank-request