The FCA issued a stern warning to the crypto ATM operators on February 14 earlier.
U.K. anti-money-laundering laws require that all crypto ATMs be registered with the FCA.
The Financial Conduct Authority (FCA), Britain’s financial watchdog, “disrupted” 26 of the 34 cryptocurrency ATMs it visited and investigated since the beginning of 2023.
The Financial Conduct Authority (FCA) issued a stern warning to the United Kingdom’s crypto ATM operators on February 14: either comply with legislation or shut down illicit activities. In response to the alert, the FCA and other law enforcement authorities used their authority under anti-money laundering laws to conduct investigations at 36 cryptocurrency ATMs.
Operating Illegally
Steve Smart, joint executive director of enforcement and market monitoring at the FCA, has spoken out against the usage of cryptocurrency ATMs more generally.
Smart stated:
“If you use a crypto ATM in the U.K., you are using a machine that is operating illegally
We współpracy z: https://thenewscrypto.com/bitcoin-news-uk-fca-continues-stringent-crackdown-on-crypto-atms/
