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Home News

Cryptocurrency ATMs Are Now Illegal In The UK

Fahad Khan by Fahad Khan
March 12, 2022
in News
Reading Time: 1 min read
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Cryptocurrency ATMs

VOI

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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.

Tags: CryptoCryptocurrencyUK
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Fahad Khan

Fahad Khan

A Deal hunter for Digital Phablet with a 8+ years of Digital Marketing experience.

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