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Expert Analysis

Analyzing The Implications Of 1st FCA Crypto ATM Crackdown

By Asim Arshad (October 11, 2024, 2:14 PM BST) -- On Sept. 10, the U.K.'s Financial Conduct Authority launched a criminal prosecution against Olumide Osunkoya, the first of an owner of a firm enabling crypto asset trading, who pled guilty to the charges. The regulator announced that it had secured its first conviction on Sept. 30 for two offenses relating to the unlawful operation of multiple crypto automated teller machines that were not registered with the FCA.[1]...

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