Spanish legislation enforcement identified that Bitcoin (BTC) automated teller machines (ATMs) present a niche in European Union’s Anti-Cash Laundering (AML) laws, Bloomberg stories on July 11.Per the report, Spanish police uncovered a neighborhood gang that used Bitcoin ATMs to switch greater than 9 million euros ($10 million) for drug traffickers in Colombia and different international locations. Bloomberg cites nameless representatives of Guardia Civil (a kind of Spanish legislation enforcement) alleging that the group employed two machines from buying and selling platforms and put in them in an workplace in Madrid.The workplace in query masqueraded as a middle for remittances and cryptocurrency buying and selling. The group reportedly used the middle to switch cash from financial institution accounts to buying and selling platforms to prime up the ATMs with digital belongings. Cryptocurrencies obtained this manner would allegedly then find yourself being despatched to the aforementioned drug traffickers.Police additionally reportedly seized the 2 Bitcoin ATMs, 4 chilly wallets and 20 on-line wallets. Bloomberg additional notes that prosecutors at the moment are attempting to show a correlation between the ATMs and the confiscated digital belongings.As Cointelegraph reported originally of June, the town of Vancouver, Canada, is contemplating banning bitcoin ATMs on account of cash laundering considerations.Alternatively, earlier this month Canadian trade Coinsquare introduced that it has acquired software program permitting conventional ATMs to promote cryptocurrencies.