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German Crypto Regulator BaFin Shuts Down Unauthorized Bitcoin ATMs

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Germany’s Federal Financial Supervisory Authority (BaFin) has shut down unauthorized bitcoin ATMs in the country. Now that cryptocurrency is regulated under the German Banking Act, bitcoin ATM operators need to be authorized by BaFin. The regulator recently clarified what crypto service providers must do to continue their services. Also read: 40 Banks in Germany Declare … Read more

Trader Gets Six-Figure Loan to Buy Crypto, Holdings Drop by 85%

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An Abu Dhabi-based cryptocurrency investor has shared his story of having taken out a six-figure loan to finance virtual currency investments only to watch his portfolio lose 85 percent of its value. The investor has shared his story in the hope that it can serve as a lesson to others. Also Read:High-Profile Thai Crypto Case: … Read more

China Has Found 421 Fake Cryptocurrencies

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A Chinese government-backed industry organization has published a report on fake cryptocurrencies. As of April, its monitoring platform has found 421 fake cryptocurrencies, 60% of which are deployed overseas. The Committee has also outlined major red flags of these cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space 421 Fake Cryptocurrencies The National Committee … Read more