These are also the first charges brought against a person accused of running a network of crypto ATMs in the UK, the FCA said in its statement.
Our message today is clear. If you're illegally operating a crypto ATM, we will stop you...the FCA said in its enforcement announcement, underscoring their commitment to addressing unauthorized operations in the crypto sector.
Olumide Osunkoya, 45 year old Londoner, has been accused of running crypto ATMs that processed British pounds 2.6 million in crypto transactions across various locations without the required registration.
None of the 44 crypto companies registered have the necessary authorization to have crypto ATMs, making all crypto ATMs in the U.K. illegal.
Collection
[
|
...
]