Bitcoin ATMs Declared Illegal in UK by Financial Regulator

Bitcoin and other cryptocurrency ATMs that allow people to buy and sell crypto are illegal in the UK, according to a letter made public on Friday by Britain’s Financial Conduct Authority. That means anyone currently operating a Bitcoin ATM is doing so illegally and will have to stop, according to the government regulator.“Crypto ATMs offering cryptoasset exchange services in the UK must beregistered with us and comply with UK Money Laundering Regulations,” the Financial Conduc