FCA Cracks Down On Unregistered Crypto ATMs
Join Our Telegram channel to stay up to date on breaking news coverage What – the UK financial watchdog, Financial Conduct Authority (FCA), cracks down on unregistered crypto automated teller machines (ATMs) Why – This comes as the financial regulator and the cyber team at West Yorkshire Police suspected the provision of illegally operated crypto ATMs. What next – The FCA has noted that the crypto asset exchange providers in the United Kingdom must be registered and comply with the UK Money Laundering Regulations. The United Kingdom’s financial watchdog, FCA, has dived to inspect un registered crypto ATMs. This is after the financial regulator teamed up with the West Yorkshire Police to probe various sites across the city of Leeds, in the North of England, which are suspected of providing illegally operated crypto ATMs. Further, the financial regulators revealed that no crypto ATM operators in the UK had recently obtained the FCA registration. Notab...