News Explorer — UK Man Pleads Guilty to Operating Illegal Crypto ATMs

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Sep 30, 12:53 pm

Coindesk

UK Man Pleads Guilty to Operating Illegal Crypto ATMs

Olumide Osunkoya, 45, pleaded guilty to operating an illegal crypto ATM network in the U.K., processing £2.6 million in transactions without proper registration. The FCA has been cracking down on such operations, conducting raids and inspections to combat money laundering and tax evasion.

Olumide Osunkoya, 45, pleaded guilty to operating an illegal crypto ATM network in the U.K., processing £2.6 million in transactions without proper registration. The FCA has been cracking down on such operations, conducting raids and inspections to combat money laundering and tax evasion.

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