Police in Spain say Bitcoin ATMs expose problems in Europe’s AML laws
A money-laundering scheme recently broken up by Europol and Spain's Civil Guard has exposed gaps in Europe's AML laws officials say. An international team was using two Bitcoin ($BTC) ATMs in Madrid to fake remittance fees and trading with funds sent to drug traffickers in Columbia. Spain's Supreme Court recently declared Bitcoin not money but 'patrimonial immaterial assets.'
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