UK Man Pleads Guilty to Crypto ATM Fraud
This is a UK news story, published by BitDegree, that relates primarily to Osunkoya news.
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money launderingBitDegree
•FCA Crackdown: UK Crypto ATM Operator Charged with Fraud
63% Informative
Olumide Osunkoya has pleaded guilty to charges of money laundering related to his cryptocurrency ATM business.
Osunkoy had been running 11 ATMs in local convenience shops across the UK without the required approval from the Financial Conduct Authority .
As of now, no crypto ATMs are legally operational in the UK after the FCA ordered their shutdown in March 2022 .
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