Busted: Spanish Drug Gang Who Laundered $10 Million With Bitcoin ATMs2

Bitcoin automated teller machines (ATMs) are becoming increasingly used in today’s world. As of the time of writing this, there exist over 5,000 of these machines worldwide, up from 1,000 in 2017. While most of them seem innocuous, sitting mostly unused at the corner of coffee shops and gasoline stations, a new report from Spanish law enforcement suggests that these cryptocurrency-selling ATMs cater too much to the money laundering crowd.

One criticism that Bitcoin’s cynics have for the cryptocurrency is that it can be used for money laundering. In one recent case, this point was entirely true.

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