FCA lays first charges against unregistered UK Crypto ATM operator

The Financial Conduct Authority (FCA) in the UK has charged Olumide Osunkoya with operating unregistered crypto ATMs in the country. This case is significant as it is the first prosecution under British law for such activities. Osunkoya is accused of running a network of crypto ATMs that processed £2.6 million worth of transactions without registration, in breach of anti-money laundering (…)