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FCA orders closure of all UK crypto ATMs
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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.Earlier this month, the regulator revealed that it opened over 300 cases related to crypto firms in a six-month period last year and has 50 live investigations, including criminal probes, into companies in the sector.
. Read more on finextra.comAbout this in other media
UAE Firm BitOasis Gets Provisional Approval From Dubai's New Crypto Regulator ndtv.com /2 years ago
Giottus announces zero-fee window to aid crypto investors ahead of new tax regime economictimes.indiatimes.com /2 years ago
Reports of cyber threats to FCA spike 52% fnlondon.com /2 years ago
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