after a German court ruled that Bitcoin and cryptocurrency are not money. 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. Attempts to operate BTMs in the country have previously ground to a halt over red tape, with installations several years ago all disappearing. Tags: austria, bitcoin ATM casino germany. Due to the uncertain nature of the Kammergerichts 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. Last month, this changed. Base on a recent report, a casino in Munich, Germany has installed the first Bitcoin ATM in the country. As 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.
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Germany has received its first ever legally-sanctioned Bitcoin ATM (BTM) following a landmark legal ruling but its longevity is already in doubt. It was reported that the Berlin Kammergericht overturned the authority of BaFin to decide such matters, deciding Bitcoin and cryptocurrency was not money. This installation is therefore considered a win for the German crypto community, although no one knows how long it will last. This judgement from the Berlin Kammergericht led to the casino Monte24 to import and set up its own bitcoin ATM. If you find yourself in Munich, and you fancy yourself some Bitcoin, this is where you need. Failing to do so, would constitute as an offence. Follow Chepicap now on, twitter, Telegram and.
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