UK financial regulator shuts down 26 illegal cryptocurrency machines

The UK’s Financial Conduct Authority shut down 26 machines across the country for illegally offering cryptocurrencies.

The action came after a member of the public paid in a thousand GBP into a crypto ATM in an attempt to buy cryptocurrencies, but no cryptocurrency or funds were returned.

Says an FCA official:

  • “If you use a crypto ATM in the UK, you are using a machine that is operating illegally and you may be handing your money over to criminals”
  • “You will not be protected if something goes wrong, and you could lose your money”

Info via Reuters

I wonder if it had anything to do with this guy?

This article was written by Eamonn Sheridan at Source