FCA continues action against unregistered crypto ATMs across the UK
The FCA, in a joint operation with South West Regional Organised Crime Unit, Yorkshire and Humber Regional Organised Crime Unit and the Nottinghamshire Police force, have carried out a number of inspections suspected of hosting illegally operated crypto ATMs.
Crypto ATMs allow people to buy or convert money into cryptoassets. There are no crypto ATM operators registered with the FCA, which they must be to operate legally.
The operation aimed to disrupt the unregisteredcrupto business as well as raise awareness of crypto ATMs among the public.
The FCA is continuing to work with the National Economic Crime Centre to plan and coordinate action with law enforcement partners to respond to operators of illegal crypto ATMs.
22 May 2023
Bank of America launches fintech accelerator program
11 May 2023
Over £1.2 billion stolen via financial fraud in 2022
05 May 2023