[Germany's BaFin cracks down on illegal cryptocurrency ATMs and seizes 13 machines] Golden Finance reported that the German Federal Financial Supervisory Authority (BaFin), the Federal Criminal Police Office and the German Central Bank, seized 13 cryptocurrency ATMs in 35 locations on August 20 because these devices were not registered in accordance with Article 32 of the Banking Act and were suspected of illegally exchanging euros for cryptocurrencies. BaFin said that these illegally installed ATMs may become a hotbed for criminal activities due to the failure to implement "know your customer" (KYC) procedures. The number of cryptocurrency ATMs worldwide was close to an all-time high in 2024, but it decreased in July and early August, partly due to law enforcement actions in the United States. Despite this, 266 cryptocurrency ATMs have been installed worldwide since the beginning of August.