London Man Charged for Illegal Crypto ATMs

British Regulator Charges London Man for Operating Illegal Crypto ATMs

A London man, Olumide Osunkoya, aged 45, has been charged by the Financial Conduct Authority (FCA) for running several unlicensed crypto ATMs. These machines allowed users to either purchase cryptocurrency or convert their money into digital assets without the necessary legal registration. Crypto ATMs are machines similar to the regular ATMs you know, but instead of dispensing cash, they allow the user to buy or sell cryptocurrencies.