Thursday, 13 Mar 2025

Watchdog and West Yorkshire police raid crypto ATM operators in UK first

Watchdog and West Yorkshire police raid crypto ATM operators in UK first

Watchdog and West Yorkshire police raid crypto ATM operators in UK first
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Evidence was gathered from multiple sites around the city that were suspected to be hosting machines allowing customers to buy or convert traditional currencies into cryptoassets including bitcoin.

While the FCA does not regulate cryptoassets, it does require all firms dealing in crypto to register and prove they have effective anti-money laundering and terrorist financing controls.

There are no crypto ATMs registered with the FCA, meaning any crypto ATM operating in the UK is doing so illegally.

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