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.

[{"selector":"#anim-26602d78-5bc4-4660-8bfd-56eb058c99a0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(22.528962488653175%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-e8f33517-c27a-471a-bf1d-dee2e05a423f","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] Learn more

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

[{"selector":"#anim-54f05a22-b17a-4cc5-a7b0-dcd0339765d7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-13.240131355889915%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-ad345a5e-e938-431f-bc68-f68ec5b1f9ef","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] Learn more

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

[{"selector":"#anim-a779f856-5726-46b4-b0e0-2c167a6e74c1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-16.264572334154835%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-d838d911-9e9d-404d-9809-f097548c3dd6","keyframes":{"transform":["translate3d(-129.00763%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .8, 1)","fill":"both"}] [{"selector":"#anim-1746b107-02b0-4156-a0c6-91cb7a296189","keyframes":{"transform":["rotateZ(-180deg)","rotateZ(0deg)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .5, 1)","fill":"forwards"}] Learn more

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

[{"selector":"#anim-0e4ea1d3-2556-4e30-98e6-3d99f2d40c3a","keyframes":{"transform":["translate3d(122.96820%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f46df5bf-1111-4a27-89e3-d4c35210bc87","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c665b515-8456-4b70-92cb-97dacdf6f0a2","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-a5973674-7b96-4a7e-b57f-7c974d8c4349 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-24.128906059404017%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Learn more

To read further, you can read the details below or click on the title above.

[{"selector":"#anim-d4b20058-f950-4b68-9e08-e0f05b9b3496 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, -0.00007901574201620263%) scale(1.4990437360753797)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-b4ed6b87-fb80-4d8e-95ed-4be2fcc80ccd","keyframes":{"transform":["rotate(-540deg) scale(0.1)","none"],"opacity":[0,1]},"delay":0,"duration":1000,"fill":"both","iterations":1}] [{"selector":"#anim-30b9b511-15cb-43ae-9a69-da07a9f309ac","keyframes":[{"offset":0,"transform":"translate3d(0, -1019.71351%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.29,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.45,"transform":"translate3d(0, -286.743439012%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.61,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.71,"transform":"translate3d(0, -97.484611556%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.8,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.85,"transform":"translate3d(0, -36.607715009%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.92,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.96,"transform":"translate3d(0, -15.907530756%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":1,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"}],"delay":0,"duration":600,"fill":"both"}] Learn more