Met Police and FCA seize 7 illegal crypto ATMs and arrest 2 suspects for operating an unregistered crypto-asset exchange and laundering illicit funds

This enforcement action comes amid the FCA’s continued crackdown on unlawful crypto activities, highlighting that no crypto ATMs are legally registered in the UK. Therese Chambers of the FCA underscored that unregulated machines “support crime,” while Detective Inspector Geoff Donoghue reaffirmed the Met’s commitment to tackling crypto-enabled money laundering…