UK FCA to take action against unregistered, illegal cryptocurrency ATMs

1. All crypto ATM operators are illegal in the United Kingdom, as none of them are registered with the regulator.

2. None of the crypto ATM operators have FCA registration in the currency of the United Kingdom.

3. Said authority must be registered with the FCA and comply with UK money laundering regulations.

4. The executive also said that crypto products are "currently unregulated and high risk".

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