German regulators will shut down Bitcoin ATMs without operating licenses

According to Coindesk, the German financial regulator BaFin announced that it would close a Bitcoin ATM operated by a company called Shitcoins Club in Germany because it does not have a proprietary operating license issued by a German bank. The company operates about 17 ATMs in Germany that support cryptocurrency transactions such as Bitcoin, Ethereum, and Litecoin, while there are currently only 67 operational cryptocurrency ATMs in Germany.