Cryptoasset firms are being warmed to shut them down or face further action.
Britain’s Financial Conduct Authority (FCA) has warned operators of crypto ATMs in the UK to shut down their machines or face enforcement actions. Crypto asset firms are required to be registered with the FCA and comply with the UK Money Laundering Regulations (MLRs) if they want to operate crypto ATMs in the UK. However, according to the regulator, none of the cryptoasset firms have registered to be approved to offer crypto ATM services, and therefore are operating illegally. “We are concerned about crypto ATM machines operating in the UK and will therefore be contacting the operators instructing that the machines be shut down or face further action,” the FCA said.
