Olumide Osunkoya has pleaded guilty to illegally running a crypto ATM network across the UK. Even though the UK Financial Conduct Authority (FCA) denied his registration, his operation handled millions in cryptocurrency transactions. This case represents the first conviction of its type under the UKās anti-money laundering laws. UK’s First Illegal Crypto ATM Conviction Unveiled…
The UK’s Financial Conduct Authority (FCA) has charged Olumide Osunkoya for operating unregistered crypto ATMs in the country. This case is significant as it represents the first prosecution under UK law for such activities. Osunkoya is accused of running a network of crypto ATMs that processed Ā£2.6 million in transactions without registration, violating anti-money laundering…
BaFin seized 13 unauthorized cryptocurrency ATMs across Germany in a large-scale operation. The machines lacked proper authorization and posed money laundering risks. German financial regulators, in a joint operation with law enforcement, have taken decisive action against unauthorized cryptocurrency operations. Nearly ā¬ 250,000 in cash was confiscated, and 13 cryptocurrency ATMs were closed in the…
š Stay Ahead with AltcoinDaily.co! š The German Federal Financial Supervisory Authority (BaFin) recently confiscated 13 cryptocurrency ATMs and over $28 million in cash from 35 locations. The agency said the seized crypto-automated cash kiosks operated without the required permits and licenses.Ā The agency mentioned that bad actors could use these unlicensed crypto ATMs. This…