UK FCA shuts down 26 crypto ATMs following coordinated investigation By Cointelegraph
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The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA), “disrupted” 26 of the 34 cryptocurrency ATMs it visited and inspected since the start of 2023.
On Feb. 14, the FCA gave an ultimatum to all crypto ATM operators in the U.K. — comply with regulations or wind down illegal operations. Following the warning, the FCA and other law enforcement agencies investigated 36 crypto ATM locations using powers under money laundering regulations.
Continue Reading on Coin Telegraph
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The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA), “disrupted” 26 of the 34 cryptocurrency ATMs it visited and inspected since the start of 2023.
On Feb. 14, the FCA gave an ultimatum to all crypto ATM operators in the U.K. — comply with regulations or wind down illegal operations. Following the warning, the FCA and other law enforcement agencies investigated 36 crypto ATM locations using powers under money laundering regulations.
Continue Reading on Coin Telegraph
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