According to Foresight News , the Financial Conduct Authority (FCA) of the United Kingdom has charged Olumide Osunkoya, 45, who lives in London, with illegally operating multiple cryptocurrency ATMs without FCA registration. Between December 29, 2021 and September 8, 2023, his ATMs processed £2.6 million in cryptocurrency transactions at multiple locations without the necessary registration. The announcement stated that there are no legal cryptocurrency ATM operators in the UK. The defendant will appear at Westminster Magistrates' Court on September 30, 2024.
UK FCA Charges Individuals for Operating Illegal Crypto ATM Network for the First Time
This article is machine translated
Show original
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content