Post
Topic
Board Bitcoin Discussion
Re: Spain – busted - Crypto ATMs used to launder narco money on a large scale
by
DdmrDdmr
on 09/05/2019, 16:29:15 UTC
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Normally, Spanish ATMs impose a regular limit of 1K Euros per operation, and by law do not require using an ID unless you are going to convert over 2,5K Euros. I figure (the sources I’ve seen and read did not specify) that they combines smaller TXs, but also some larger TXs via the usage of fake IDs; all in order to make their daily 100K Euro quota.

The IT shop reminded me of one of those phone parlours, where a lot of shady stuff goes on behind the scenes. I guess that at some point they will rise the requirements to install one of these machines, or lower the value that is transactionable in “b rated” type of commerce.

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That’s introduces another debate: Is Russia considered Europe ? (total/partial)