UK Regulator Continues Crackdown on Crypto ATMs, Checks 18 New Sites. The U.
12 Jul 2023, 08:00
UK Regulator Continues Crackdown on Crypto ATMs, Checks 18 New Sites
The U.K.’s Financial Conduct Authority (FCA) is proceeding with efforts to shut down all bitcoin ATMs “illegally operating” in the country. After more inspections in the past couple of months, the watchdog vowed to continue to take action against operators of unregistered crypto teller machines.
Financial Watchdog Shuts Down Dozens of Crypto ATMs in the U.K. This YearBritish authorities have inspected 18 more sites believed to be illegally operating automated teller machines (ATMs) supporting cryptocurrencies in the United Kingdom, the country’s financial regulator announced on Tuesday.
The checks have been carried out in May and June by the FCA, working together with representatives of the South West Regional Organized Crime Unit, Bedfordshire Police, Hertfordshire Police, and the Metropolitan Police.