• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
UK

UK’s FCA Announces Continued Crackdown On Illegal Crypto ATM Operations

Semilore Faleti
by Semilore Faleti
2 years ago
·
Posted in Crypto regulation
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The United Kingdom’s Financial Conduct Authority (FCA) has announced a continuation of its regulatory efforts against illegal crypto ATM operations in the UK. Since March, the FCA has ramped up its regulatory efforts on this illicit sector, citing its investigative powers under the Money Laundering Regulations Act of 2017.

FCA Conducts Latest Raid On Unregistered Crypto ATMs

According to a press release yesterday, the UK financial watchdog revealed its recent collaborative efforts with local authorities in shutting down unregistered crypto ATM operations in three cities, namely Exeter, Nottingham, and Sheffield.

Commenting on this development, Therese Chambers, Executive Director of Enforcement and Market Oversight at the FCA, said:

“Crypto ATMs operating without FCA registration are illegal. The action we’ve taken over the past few months and wider work shows that we will act to stop illegal activity.”

Chambers also noted the importance of these raids in raising awareness of the risk of illegal crypto ATMs, especially as the UK is still a region lacking a comprehensive regulatory framework for cryptocurrency and digital assets operation.

Related Reading: Bitcoin Taproot Drives Transactions To ATH – What This Means For Investors

Meanwhile, there is also a strong belief that these undocumented machines are commonly used for money laundering, as highlighted by the Head of Economic Crime at the Yorkshire and Humber Regional Organized Crime Unit (YH ROCU), Ramona Senior. 

He said, “Our Regional Cyber Crime Unit officers are pleased to work jointly with the Financial Conduct Authority and other partner agencies to target the use of unregulated crypto ATMs. Machines such as these are a key component in the facilitation of money laundering and the movement of funds acquired through criminal activity.”

Interestingly, this latest enforcement action by the FCA follows similar raids on illegal crypto ATMs in cities such as East London and Leeds. The regulatory agency has stated its intention to review its latest set of obtained evidence and take further actions if required.

Related Reading: Meme Coins Accelerate ETH Burn Rate, Here Are The Stats
UK
Crypto Total Market Cap valued at $1.176 Trillion | Source: TOTAL Chart on Tradingview.com

No Registered Crypto ATMs In The UK – FCA 

As the name implies, crypto ATMs are machines that allow users to directly purchase digital assets using cash or a bank card. 

According to the FCA, crypto ATM operators are a form of crypto asset exchange providers and are required by law to be legally registered and provide full compliance with the UK Money Laundering Regulations. 

However, the UK regulatory authority states that no crypto asset firm in its books has been cleared to offer crypto ATM services, thus making any crypto ATM operations in the UK illegal.

In March, the FCA released a statement urging these businesses to close down their operations or risk facing enforcement actions. To that effect, the regulatory body even released a list of unregistered crypto firms aimed at guiding customers’ investments. 

That said, crypto ATM installations worldwide have been on a decline since the start of 2023. According to data by CoinATMRadar, over 3,600 ATMs have been removed or decommissioned from January 1st to date.

However, as expected, the United States remains the dominant force in this sector, hosting 28,754 crypto ATMs and accounting for a staggering 85% of the global market. 

Featured Image: Tokenist, chart from Tradingview
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Semilore Faleti

Semilore Faleti

Follow

Semilore Faleti works as a crypto-journalist at Bitconist, providing the latest updates on blockchain developments, crypto regulations, and the DeFi ecosystem. He is a strong crypto enthusiast passionate about covering the growing footprint of blockchain technology in the financial world.

Full Profile

Related Posts

Cena Bitcoinu prekonala 1200 tisíc $

Bitcoin prekonal 122 000 $. Dosiahne už tento týždeň nové historické maximum?

3 weeks ago
CFTC

CFTC Announces ‘Crypto Sprint’, Pledges To Support SEC ‘Project Crypto’ – Details

4 weeks ago
Hong Kong

Hong Kong Fintech Companies Look To Expand Into Crypto: Report

1 month ago
Nigeria

Nigeria Confirms Readiness For Stablecoin Operations – Details

1 month ago
crypto custody

US Banking Associations Oppose License For Crypto Custody Firms – Details

1 month ago
Congress Prepares For ‘Crypto Week’ – US House Debates Crypto Future With Three Key Bills

Congress Prepares For ‘Crypto Week’ – US House Debates Crypto Future With Three Key Bills

1 month ago

Premium Sponsors

Press Releases

  • Top 5 Most Profitable ASIC Miners in 2025: ROI Comparison

    4 hours ago
  • Bitget to Transfer 440 Million BGB to Morph Foundation...

    5 hours ago
  • From Institutional to Individual Investors: How XRP and...

    5 hours ago
  • Despite XRP price fluctuations, Mint Miner lets holders...

    6 hours ago
  • CryptoMiningFirm Launches First XRP, BTC Mobile App: Earn...

    8 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.