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UK FCA Initiates Further Action Against Unregulated Crypto ATMs

Summary by Ground News

The Financial Conduct Authority inspected several ATM sites, using its enforcement powers. This follows similar activity in Leeds, where the FCA inspected several sites suspected of hosting unregistered crypto ATMs, alongside West Yorkshire Police. The FCA will review evidence gathered during these visits and consider taking further action where necessary.

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FCA takes further action against unregistered crypto ATMs in East London

In a joint operation with the Metropolitan Police, the Financial Conduct Authority inspected several ATM sites, using its enforcement powers. Mark Steward, Executive Director of Enforcement and Market Oversight at the FCA, said: ‘Crypto ATMs operating without FCA registration are illegal and, as today shows, we will take action to stop this. ‘This operation, alongside last...

2 years ago

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