Friday, 24 March, 2023

Finance regulator of UK issues warning regarding illegal crypto ATMs

<p>The Financial Conduct Authority (FCA) in the United Kingdom has advised operators of crypto ATMs in the country to shut down or face legal action. &nbsp;If crypto asset firms wish to operate crypto ATMs in the UK, they must register with the FCA and follow the UK Money Laundering Regulations (MLRs). &nbsp;According to the regulator, none of the cryptoasset firms have registered to be authorized to provide crypto ATM services, and hence are operating illegally.</p>