In a joint operation with the Metropolitan Police, the Monetary Conduct Authority inspected a number of ATM websites, utilizing its enforcement powers.
Mark Steward, Government Director of Enforcement and Market Oversight on the FCA, mentioned: ‘Crypto ATMs operating without FCA registration are illegal and, as today shows, we will take action to stop this.
‘This operation, alongside last month’s motion in Leeds, sends a transparent message that we are going to proceed to determine and disrupt unregistered…
