Cryptocurrency ATMs Are Now Illegal In The UK

London (UK): UK’s Financial Conduct Authority (FCA) has notified that all the cryptocurrency ATMs currently operating in the United Kingdom are illegal and shall be shut down immediately.

All the ATMs engaged in accepting and withdrawing the crypto must be registered with Blighty’s Money Laundering Regulations (MLR).

The issue is that all these ATMs are not regulated with authority.

After the regulations published by the UK, 110 companies have been pulled out of the country, the rest of them will face action.