Categories: CryptoNews

Room77 Deals With Strange Burglaries After Removing Bitcoin ATM

Bitcoin ATMs have always had a certain appeal among cryptocurrency enthusiasts. However, more and more early adopters of Bitcoin ATms are turning their back on this project, due to a lack of interest. Moreover, certain countries, such as Germany, impose regulation that makes it illegal to operate such a machine.

The Story of Room77 And The Missing Bitcoin ATM

The name Room77 will ring a bell for a lot of German Bitcoin enthusiasts. This famous venue in Berlin used to be one of the first bars / restaurants in the country to house a Bitcoin ATM many years ago. Unfortunately, things have taken a few turns for the worse ever since that time.

While the location still accepts Bitcoin payments for drinks and food, their Bitcoin ATM had been removed a while ago. Not because of the lack of interest, as Room77 has always been packed with cryptocurrency enthusiasts. Instead, the team was forced to remove the device due to German regulation when it comes to owning a Bitcoin ATM.

The vast majority of Bitcoin business models in Germany Is being seen as an act of money transmission. After LocalBitcoins had been forced to seize operations in Germany two years ago, a similar problem ensued for Bitcoin ATM owners. The country’s central bank is not amused by anyone offering residents and tourists access to a financial system beyond their control.



Related Post

As if that was not enough to be concerned about, Room77 has seen other unusual activity in the past few years. It seems as if burglars are actively looking for the Bitcoin ATM on the premises, as they leave laptops, valuable liquors, and even the cash register alone. A very strange turn of events, to say the least.

This goes to show thieves are all too aware of locations housing a Bitcoin ATM. Any owner of such a machine may want to take extra precautions to keep their machines safe. A Bitcoin ATM was stolen from the Bitcoin Embassy Amsterdam a few years ago, which was not an easy feat.

Image credit 1

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Best Crypto Presale To Buy Now: Rollblock Delivers For Holders With New License, Record Sign Ups and 7000+ Games

Rollblock is quickly becoming the best crypto presale to buy, delivering unmatched value for its…

2 hours ago

Polkadot And Uniswap Gearing For Post-Christmas Jump As Rollblock Raises $7.4 Million in Presale

While Rollblock's continues its crypto presale, with its value increasing regularly, Polkadot (DOT) and Uniswap…

3 hours ago

IntelMarkets (INTL) Receives Massive Demand From Chainlink And SUI Investors Looking To Position For The Best Bull Run Gains

As the cryptocurrency market gears up for a bull run, IntelMarkets (INTL) is attracting significant…

3 hours ago

FOMO Selling Trigger $1 Billion Liquidations as LINK & SOL Bleed Heavily; What to Do Next?

In the past, Chainlink (LINK) and Solana (SOL) have been among the most discussed altcoins…

9 hours ago

Qubetics $7.4M Presale Revolutionises Blockchain as Bitcoin and Chainlink Drive Innovation: Best Cryptos to Buy for 2025

The crypto market is abuzz with excitement as 2025 approaches. While Bitcoin continues to dominate…

14 hours ago

Best Altcoins to Buy Today: Why Qubetics’ Presale Could Be the Best Investment Opportunity of 2024

The cryptocurrency market never sleeps, and every day feels like an adventure. From household names…

20 hours ago