ATMs

Man pleads guilty in UK’s first illegal crypto ATM conviction

cryptosheadlines1 month ago03 mins

Olumide Osunkoya pleaded guilty to FCA charges of illegal offer and use of cryptocurrency automated teller machines (ATMs). The 45-year old Osunkuya will be sentenced at a later date. Olumide Osunkoya has pleaded guilty to several charges involving the illegal operation of cryptocurrency automated teller machines in the UK. Osunkuya, 45, pleaded guilty when he…

German Authority Seizes 13 Unauthorized Crypto ATMs

cryptosheadlines3 months ago01 mins

Germany’s Federal Financial Supervisory Authority (BaFin) has seized 13 unauthorized cryptocurrency ATMs in a nationwide operation involving 60 officers and raids on 35 locations. BaFin reported that the machines facilitated illegal transactions and posed money laundering risks. Under German law, trading currencies, including cryptocurrencies, without proper authorization is illegal, with violators facing up to five…

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Man pleads guilty in UK’s first illegal crypto ATM conviction

German Authority Seizes 13 Unauthorized Crypto ATMs