RE: ARB11 Mar 2022 19:03
According to an FCA notice published on Friday, none of the crypto ATM operators in the UK are registered to do business in the country. As such, all such machines are operating illegally.
It reads, “Crypto ATMs offering cryptoasset exchange services in the UK must be registered with us and comply with UK Money Laundering Regulations (MLR). None of the cryptoasset firms registered with us have been approved to offer crypto ATM services, meaning that any of them operating in the UK are doing so illegally and consumers should not be using them.” No biggie.