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Thursday, August 8, 2024
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    HomeFinanceThe UK's monetary watchdog has introduced inspections of websites suspected of working...

    The UK’s monetary watchdog has introduced inspections of websites suspected of working unlawful cryptocurrency ATMs

    The UK’s Monetary Conduct Authority, or FCA, has introduced that it has inspected web sites “suspected of illegally working cryptocurrency ATMs” throughout the nation.

    In an announcement dated Might 5, the FCA mentioned it coordinated with native authorities in Exeter, Nottingham and Sheffield to raid amenities suspected of working unregistered cryptocurrency ATMs. Enforcement actions carried out comparable operations March. East London and round Leeds in February, the place the FCA issued warnings or cease-and-desist orders to suspected cryptocurrency ATM operators.

    Proceed studying Coin Telegraph.

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