#FCA

First UK Conviction for Illegal Cryptocurrency ATM Operations
Cryptocurrency

First UK Conviction for Illegal Cryptocurrency ATM Operations
By Andrej Kovacevic 01st Oct 2024
First UK Conviction for Illegal Cryptocurrency ATM Operations
Cryptocurrency
Cryptocurrency

First UK Conviction for Illegal Cryptocurrency ATM Operations

The United Kingdom has registered its first-ever conviction for the illegal operation of cryptocurrency ATMs. The individual responsible, Olumide Osunkoya, pleaded guilty on Monday to running an unregistered network of cryptocurrency ATMs across the country, processing millions in transactions despite being denied registration by the UK’s Financial Conduct Authority (FCA) in 2021. The FCA revealed…

By Andrej Kovacevic 1st October 2024

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