Britain’s top financial regulator, the Financial Conduct Authority (FCA), has widened its crackdown on unauthorized cryptocurrency ATMs. “There are currently no crypto ATM operators registered with the FCA, which they must be to operate legally,” the regulator noted.
FCA Cracks Down on Illegal Crypto ATMs
Britain’s top financial regulator, the Financial Conduct Authority (FCA), announced Wednesday that it has taken further action against unregistered crypto ATMs in East London in collaboration with the Metropolitan Police, the largest police force in the U.K.
The announcement followed a series of raids the FCA conducted in collaboration with the West Yorkshire Police on several sites suspected of hosting unregistered crypto ATMs around Leeds.
According to the regulator:
The FCA has used its powers to inspect several sites in
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