The UK's Financial Conduct Authority (FCA) announced on September 10 that it has charged Olumide Osunkoya, a 45-year-old London resident, for illegally operating multiple cryptocurrency ATMs that were not registered with the regulator. The FCA disclosed that Osunkoya-operated ATMs processed £2.60 million worth of cryptocurrency transactions in multiple locations between December 2021 and September 2023.
The FCA said Osunkoya had been a director of Gidiplus Ltd, whose registration application was rejected by regulators in 2021. After that, Osunkoya began to carry out related activities on its own.
UK FCA charges man with illegal operation of cryptocurrency ATM involving 2.60 million pound transactions
2024-09-10 12:20:06
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