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Bitcoin ATMS in the UK are illegal, FCA said.

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“Crypto ATMs offering cryptoasset exchange services in the UK must be registered with us and comply with UK Money Laundering Regulations,” the regulator wrote. As The Telegraph reports, there are around 81 functional crypto ATMs in Britain

(FCA) has warned operators of cryptocurrency ATMs in the UK to shut down their machines or else face enforcement action. In its announcement, the financial watchdog said that it hasn’t granted any of the crypto firms registered with it the permission to operate ATM services.

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