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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.

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