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UK Financial Watchdog Announces Inspections Against Sites With Suspected Illegal Crypto ATMs

The United Kingdom’s Financial Conduct Authority said it had coordinated with local authorities in the cities of Exeter, Nottingham and Sheffield to raid facilities suspected of operating unregistered cryptocurrency ATMs.

The enforcement action followed similar operations from March in East London and February around the city of Leeds, where the FCA said it had issued warnings or cease-and-desist requests to suspected crypto ATM operators.

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