Mind the watchdog before it bites. FCA orders all Bitcoin ATMs in the UK to shut down before taking further action.
Financial Conduct Authority , United Kingdom’s central financial regulator, has issued a verdict on the presence of Bitcoin ATMs within the island country.a stern “shut down or face further action“ order to operators of Bitcoin ATMs, outlining their intentions to contact these companies to affirm the notice.
“We are concerned about crypto ATM machines operating in the UK and will therefore be contacting the operators instructing that the machines be shut down or face further action.”to 33 crypto companies since August 2020 under the MLR framework, the most notable of which being: Gemini Europe Ltd, Kraken‘s holding company Payward Ltd, Galaxy Digital UK Limited and, more recently added to the list on Jan. 14, eToro Ltd.
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