Several crypto ATMs in East London have been inspected by the FCA on suspicion that they were operating illegally. This action follows a recent crackdown in Leeds, where the regulator joined forces with the West Yorkshire Police’s Digital Intelligence and Investigation Unit to close a network of similar machines.
UK Financial watchdog takes further action against illegal crypto ATMs in London
The FCA points out that no crypto ATMs are currently registered in the UK and warns again about the high risks of crypto assets.