Spain: Guardia Civil warns Bitcoin distributors – Cryptonaute
The Spanish authorities have pointed out that there is a significant gap between ATM Bitcoin and the European regulations in terms of money laundering.
According to officials of the anti-drug fight of the Spanish Civil Guard, the current ones anti-money laundering rules of the EU would not be suitable for owners and users ofATM Bitcoin, reports Bloomberg.
In May 2019, Europol and the Spanish police arrested a group of 8 criminals who had transferred more than 9 million euros to South American drug traffickers, particularly with the help ofATM Bitcoin.
The thugs had set up 2 Bitcoin distributors in their office in Madrid and pretended to be a cryptocurrency remittance company. After reloading the kiosks via crypto-exchanges, the group then sent cryptocurrencies to drug traffickers based in Colombia. The system has made it possible to transfer large sums of money without alerting the competent authorities.
As Cryptonaute recently pointed out, there are now more than 5000 ATM Bitcoin operating around the world, of which more than half are located in North America.
TheSpain is the third country in Europe with the most machines of this type, with 80 ATM Bitcoin according to the data provider Coinatmradar.com.
Last month, the police Vancouver in Canada described Bitcoin's distributors as "an ideal machine for laundering money" and the mayor of the city even proposed to ban them.
> Hack Bitpoint: More than 29 million euros stolen in cryptocurrency
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