UK Financial Conduct Authority charges first individual for operating illegal crypto ATM network
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Odaily Odaily News: The UK Financial Conduct Authority (FCA) officially announced that it 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, its ATMs processed £2.6 million in cryptocurrency transactions at multiple locations without the necessary registration. (fca)
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