U.K. financial watchdog TheFCA is enforcing its prior proclamation that any crypto ATMs operating in the country are doing so illegally. By JamieCrawleyCD.
The U.K.'s Financial Conduct Authority is enforcing its prior proclamation that any crypto ATMs operating in the country are doing so illegally.to tackle crypto ATM operators in the northern English city of Leeds. The cyber team of West Yorkshire Police says it has identified"several live crypto ATMs" without saying how many or where they were located., there are 27 bitcoin ATMs installed across the whole of the U.K.
"Warning letters were issued requesting the operators cease and desist using the machines and that any breach of regulations would result in an investigation under money-laundering regulations," said Detective Sergeant Lindsey Brants of West Yorkshire Police. Any company providing crypto-related services in the U.K. must be registered with the FCA for the purposes of compliance with anti-money laundering and counter-terrorist financing.. Therefore, any crypto ATM operating in the country are doing so illegally.
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