The UK Financial Conduct Authority (FCA) has announced that all cryptocurrency ATMs operating illegally will be closed. In addition, no company providing crypto money services is licensed to operate an ATM; In other words, it was stated in the statements of the FCA that all 81 ATMs active in the country will be closed.
In recent years cryptocurrencies It is a known fact that it is rapidly spreading. In fact, this situation went so far that El Salvador, located in Central America, decided to declare the leading cryptocurrency Bitcoin (BTC) its official currency. Of course, when the popularity of these digital currencies increased so much, Bitcoin ATMs started to open all over the world.
In many countries around the world, including our country, there are thousands of ATMs that allow anyone to buy crypto money using their bank cards and transfer it to digital wallets. However, that doesn’t change the fact that some of their machines are operating illegally. Now the news, from the UK showed that a move has come in this regard.
All ATMs operating illegally in the country will be closed
According to the statements, the UK’s financial regulator Financial Conduct Authority (FCA)decided to close all ATMs in the country that operate illegally and allow the purchase of cryptocurrencies such as Bitcoin. No company that offers crypto money services in the country to operate a Bitcoin ATM don’t have a license FCA said that for this reason, they decided to close the ATMs; He noted that otherwise they would take action for these companies.
These explanations are also in the country, which is mostly in supermarkets and operating. All 81 cryptocurrency ATMs are illegal. it showed. In addition, the authorities stated in the written statements that these ATMs must be registered with the FCA and comply with the UK Money Laundering Regulations, adding: “We constantly warn consumers that cryptocurrencies are high risk. This means that if anything goes wrong, people are less likely to have protection, they could lose all their money.”
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FCA stated in its previous statements that the checks at these ATMs were low; that’s why too money laundering He warned people that such crimes could occur. In addition, the institution previously provided crypto money services; however, it had published a list of companies that did not comply with the necessary regulations on money laundering. Since the sharing of this list, it has been stated that 110 crypto money companies in the country have stopped their trade.