Since the British regulator launched a full-fledged war on crypto ATMs in the UK in March 2022, the vast majority of ATMs in which to buy and sell Bitcoin in Britain have disappeared.
In fact, according to data published on Coin ATM Radar, as of today there are only ten crypto ATMs available in the entire UK, all concentrated in England. None are in Scotland, Wales or Northern Ireland.
Moreover, seven of these are in or around London, with only one in Manchester, one in Birmingham, and one in Nottingham.
The problem is related to compliance with current regulations, particularly on anti-money laundering regulations that require mandatory KYC.
Previously there were 80, so in just over a year more than 88% of crypto ATMs in the UK have been closed. Then again, the FCA at the time had intimated the operators to shut down their machines, otherwise they would face enforcement action.
FCA’s intervention on Bitcoin ATMs
Of these 70 disappeared ATMs, 26 were shut down by the FCA (Fi
We współpracy z: https://en.cryptonomist.ch/2023/07/11/only-ten-bitcoin-atms-left-britain/
