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UK Law Enforcement and Regulators Join Forces to Dismantle Illegal Crypto ATMs

UK authorities have raided several properties around Leeds suspected of hosting illegally operated cryptocurrency automatic teller machines (ATMs).

The UK’s Financial Conduct Authority (FCA), as well as West Yorkshire Police’s Digital Intelligence Unit, were involved in the raids, which are believed to be part of the UK’s first crackdown on illegal crypto ATMs, according to a Tuesday announcement by the FCA. 

The watchdog claimed that no crypto ATM operators in the UK currently have FCA registration. It said that the agency had previously written to all operators, warning of the legal consequences of failing to register with the FCA.

(By Ruholamin Haqshanas)

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