Bitcoin ATM to conquer the US – since-CH is lagging behind

June 11, 2019

Bitcoin ATM in the US is on the rise. In the past month, the Americans were able to welcome more than 170 new Bitcoin ATMs. In the da-CH Region need to catch up reigns, however, especially for Germany.

By Christopher clover
11. June 2019BTC$7.810,00 -1.39%part Facebook Twitter LinkedIn xing mail

Bitcoin (BTC) from the vending machine to buy – what, this country is still a rarity, developed in the USA more and more a mass phenomenon. In may alone, the number of Bitcoin vending machines grew up to 172. Thus, over 3,000 Bitcoin ATMs are now in the United States of America. The data of the analysis page CoinATMRadar.

For comparison: For the da-CH Region are currently displayed total 330 BTC ATMs and exchange offices. Alone, 271 of which are in Austria. In Germany and Switzerland, 31, respectively, 59 BTC for only machines and exchange offices. The Austrians are in the da-CH region, the pioneer of Bitcoin ATMs. However, the Swiss have an ACE in the Sleeve, which is not covered by CoinATMRadar.

since November of 2018 the opportunity to buy Bitcoin at the ticket vending machines of the Swiss Federal railway (SBB) for the confederates. A daily limit prohibits a maximum of 500 Swiss francs, the exchange of larger amounts; nevertheless, the Bitcoin adaptation means, by the SBB, the Swiss, de facto, can buy at over 2,300 ATMs Bitcoin and sell.

Bitcoin-vending machine in Germany

Germany is currently with 31 Bitcoin ATMs and merchants the tail light in the da-CH region. This is mainly due to the rigorous requirements of the Federal financial Supervisory authority (BaFin). So it is in this country, much more difficult to operate a licensed business with BTC machines. This stumbling block for the Bitcoin adaptation has the Background, the BaFin would like to prevent money laundering. In a judgment of 2016 punished, BaFin, he has operated the operator of a BTC exchange page in front of a Berlin district court on the grounds that illegal trading of securities. The Convicted person appealed to – and received in October 2018 legal.

the Berlin chamber court reversed the judgment of the district court. In the grounds of judgment stated, inter alia, the BaFin have exceeded with the classification of Bitcoins as a financial instrument within the meaning of the banking act of their competence. Since then, the BTC ATMs are springing up in Germany again, albeit sporadically.

Now on crypto-currencies to invest: , crypto currencies, buy, sell, or trade – we have selected the best Broker, stock exchanges and certificates: buy Bitcoin | Ether buy | Ripple buy | IOTA buy | Broker comparison

More on the topic: