Germany's Federal Financial Supervisory Authority (BaFin) has launched a crackdown on cryptocurrency ATMs, seizing 13 such automated kiosks in 35 locations.
The seizures were carried out in collaboration with the Federal Criminal Police Office, local law enforcement agencies and Germany's Bundesbank.
BaFin has stated the ATM operators illegally installed the machines and failed to register them under Section 32 of the Banking Act.
The regulator has argued exchanging euros for cryptocurrencies or vice versa violates the Banking Act.