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What type of new regulations for crypto ATMs will be introduced in the UK by June 2025?
2
Resolution / Starting Odds
Stricter KYC/AML requirements • 25%
Complete ban on crypto ATMs • 25%
Licensing requirements • 25%
Other • 25%
Official publications from the Financial Conduct Authority or UK government
Story
UK Regulator Charges First Crypto ATM Operator for £2.6 Million Under Money Laundering Laws
Sep 10, 2024, 11:53 AM
Britain's Financial Conduct Authority (FCA) has charged Londoner Olumide Osunkoya with unlawfully operating crypto ATMs and processing £2.6 million ($3.4 million) in transactions between December 2021 and September 2023. The FCA's actions mark the first charges against a crypto ATM operator in the UK under money laundering laws. The case highlights ongoing concerns about the regulation and legality of cryptocurrency transactions.
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Yes • 50%
No • 50%
Increased bans • 25%
Stricter regulations • 25%
Relaxed regulations • 25%
No change • 25%
Yes • 50%
No • 50%
Binance • 25%
Coinbase • 25%
Kraken • 25%
Other • 25%
Market abuse prevention • 25%
Trading platforms regulation • 25%
Lending regulations • 25%
Stablecoin framework • 25%