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FCA orders closure of all UK crypto ATMs
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In a statement, the FCA says that crypto ATMs must be registered and comply with UK money laundering regulations. But, none of the crypto firms registered with the watchdog have been given the go-ahead to offer ATM services, meaning that they are operating illegally.
According to the Coin ATM Radar site, there are fewer than 100 crypto ATMs in the UK. Operators will be contacted by the FCA and told to shut their machines down or face further action.
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