UK regulator charges man with unlawfully running crypto ATMs

Quick Summary:

It also issued 450 consumer alerts against crypto asset promoters only three months after tightening rules against misleading marketing.

According to data provider AltIndex, more than 37,500 existed worldwide as of May this year as users seek to access crypto by bypassing the traditional, regulated banking system.

Crypto companies operating in the UK must register with the FCA, which assesses them under anti-money laundering rules and other regulations.

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Article Details

Author / Journalist: Nikou Asgari

Category: MarketsFinanceInvesting

Markets: United States

Topics: Charged Machines Osunkoya Regulations Money Crypto Atms Criminal Laundering Been Financial

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-10 @ 11:34:03 (10 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 525 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 22448288

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 15 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 11 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #3

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