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Germany Gets First Bitcoin ATM In Years (But How Long Will it Stay?)

Germany Gets First Bitcoin ATM In Years (But How Long Will it Stay?)

BTC Casino / 2nd November 2018

Germany has received its first ever legally-sanctioned Bitcoin ATM (BTM) following a landmark legal ruling — but its longevity is already in doubt.


Thursday January 01, 1970

Munich Machine Hangs On Court Ruling
As t3n.de first reported October 30, the owner of a casino in Munich opted to import a BTM from Austria after a German court ruled cryptocurrency dealing was not subject to mandatory licensing.
Previously, those wishing to conduct business involving BTMs, as an example, had to get permission from financial regulator BaFin; ignoring this constituted an offense.
The situation changed last month when the Berlin Kammergericht overturned the authority of BaFin to decide such matters, deciding Bitcoin and cryptocurrency was not “money.”
That judgment led the Monte24 Casino and Video Store to set up its BTM, bringing it across the border from Austria, where cryptocurrency regulations have been more supportive for several years.


Thursday January 01, 1970

BaFin: We ‘Respectfully Acknowledge’ Court Decision
Due to the uncertain nature of the Kammergericht’s decision regarding the long-term ability of entities to operate BTMs and other cryptocurrency exchange services, however, its future is already hard to estimate, says t3n.
“Whether the ATM will be found in Munich for a longer period remains unclear and depends on how long the judgment can remain in force,” the publication reports.
Germany’s slow progress in acknowledging consumer interest in cryptocurrency has often led to frustration, especially viewed in contrast to well-known progressive neighbors Austria and Switzerland.
Attempts to operate BTMs in the country have previously ground to a halt over red tape, with installations several years ago all disappearing.
In an interview last week, BaFin said that while it “respectfully acknowledged” the court ruling, the issue as to whether cryptocurrency constituted a unit of account as per the law was a different matter.
President Felix Hufeld further called for an international push to regulate phenomena such as ICOs.
What do you think about Germany’s Bitcoin ATM? Let us know in the comments section below! 

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Lionel Messi starred in a viral video clip with his dog this week, teasing his four-legged friend with a ball as he prepares for the new season with Barcelona. But he isn’t the only famous player with a furry pal in his life. Here’s a look at Messi and 12 other superstar footballers who love dogs……

The post Good Boys: 13 Superstar Footballers Who Really Love Dogs appeared first on W88bet.

Images courtesy of Shutterstock.
The post Germany Gets First Bitcoin ATM In Years (But How Long Will it Stay?) appeared first on Bitcoinist.com.

Soi kèo bóng đá Newells Old Boys vs Defensa, ngày 13/11: Chủ nhà khó thở
Sunday November 11, 2018

Kèo bóng đá Newells Old Boys vs Defensa – 05h15 sáng ngày 13/11/2018 – Giải Vô Địch Quốc Gia Argentina – Argentina Superliga. Soi kèo hiệp 1 trận Newells Old Boys vs Defensa Đội chủ nhà đang bị đánh giá khá thấp trước Defensa ngay cả khi trận đấu chưa bắt […]

The post Soi kèo bóng đá Newells Old Boys vs Defensa, ngày 13/11: Chủ nhà khó thở appeared first on Tin thể thao.

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