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RE: LeoThread 2023-07-11 03:18

in LeoFinance • 2 years ago

#NEWS : UK Financial Conduct Authority (FCA), has announced that 26 ATM out of 34 has being shut down after series of investigation.

This is has a result of not operating under the FCA licence.

#crypto #fca #atm

2 years ago in LeoFinance by
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     2 years ago  

    What do you mean ATM?

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       2 years ago (edited) 

      A machine that offers crypto for fiat, or the reverse

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         2 years ago  

        Ah, a crypto ATM.

        Got it :)

        Yeah, KYC via an ATM is hard.

        Regulators never going to allow open slather there.

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         2 years ago  

        I still don't understand why people choose to use illegal ways in identifying crypto 😔

        Link to news below

        https://news.abplive.com/business/crypto/uk-cryptocurrency-atm-machines-illegal-crypto-offering-fca-closes-machines-1615112

        #news

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