Sanctions on Crypto ATMs from the UK! - Coinleaks
Current Date:September 22, 2024

Sanctions on Crypto ATMs from the UK!

UK Financial Regulator, Crypto industry with their ATMstook enforcement action against the relevant operators.

United Kingdom Financial Conduct Authority ( FCA), any crypto ATM active on a country basis without obeying the law He applied the statement he had previously declared on the grounds that he was working. The financial watchdog noted that it is working in partnership with West Yorkshire Police to tackle crypto-related ATM operators in the city of Leeds.

UK and West Yorkshire Police Cooperate

In light of the information released by the West Yorkshire Police cyber team, it was stated that there is no information on where or how many illegal crypto ATMs are. From the West Yorkshire Police team Detective Lindsey Brants, “For operators machine the use of cancelto be made and in money laundering cases Warning letters have been sent stating that he will be subject to investigation.” said.

Also, Brants said, “a few live crypto ATMHe added that it was detected. FCA He stated that no further details on the subject would be given. According to information from Coin ATM Radar, Unified in the KingdomThe board is 27 in total. bitcoin ATMthere is.

FCA previously stated that “None of the crypto-asset-related businesses registered with the FCA Not authorized to provide ATM service” he stated.

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