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The UK Financial Conduct Authority has for the first time charged an individual operating an illegal encryptionATM network.
Odaily Planet Daily News According to the official announcement of the Financial Conduct Authority (FCA) in the UK, Olumide Osunkoya, 45, who resides in London, has been charged with illegally operating multiple Cryptocurrency ATMs without FCA registration. Between December 29, 2021, and September 8, 2023, his ATMs processed £2.6 million worth of Cryptocurrency transactions at multiple locations without the necessary registration (fca).