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United Kingdom: FCA investigation against unregistered crypto ATMs

Progress

Current status
under deliberation
11 Jul 2023 under deliberation
05 May 2023 under deliberation
14 Feb 2023 under deliberation

Scope

Implementers
United Kingdom
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
subnational

Timeline of events

11 Jul 2023
under deliberation

Announced inspection of 18 suspected unregistered crypto ATMs

On 11 July 2023, the UK Financial Conduct Authority (FCA) announced it had inspected 18 sites suspected of operating crypto ATMs across the UK over May and June. Cryptoasset exchange providers in the UK are required to register with the FCA and comp…

Event type investigation
Action type announcement
Government branch executive
Government body other regulatory body
05 May 2023
under deliberation

Issued FCA warning against unregistered crypto ATMs in Exeter, Nottingham and Sheffield

On 5 May 2023, the UK Financial Conduct Authority (FCA) announced it had inspected several unregistered crypto ATM across Exeter, Nottingham and Sheffield. The FCA stated that no UK firms or individuals are currently registered and authorised to ope…

Event type investigation
Action type announcement
Government branch executive
Government body other regulatory body
14 Feb 2023
under deliberation

Issued FCA warning against unregistered crypto ATMs in Leeds

On 14 February 2023, the UK Financial Conduct Authority (FCA) announced it had established the locations of unregistered crypto ATMs across West Yorkshire. The FCA stated that no UK firms or individuals are currently registered and authorised to ope…

Event type investigation
Action type announcement
Government branch executive
Government body other regulatory body