UK Financial Conduct Authority Charges Individual for Operating Illegal Crypto ATM Network
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September 13, 2024
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The UK's Financial Conduct Authority (FCA) has officially announced charges against Olumide Osunkoya, 45, of London, for illegally operating multiple cryptocurrency ATMs without FCA registration. Between December 29, 2021, and September 8, 2023, his ATMs processed £2.6 million in cryptocurrency transactions at various locations without the necessary registration. (fca)
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