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UK FCA charges man with illegal operation of cryptocurrency ATM involving 2.60 million pound transactions

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 wa...

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2024-09-10 12:20:06
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