Bitcoin money machines in Great Britain illegally, says the supervisory authority
Bitcoin money machines in Great Britain illegally, says the supervisory authority
- According to information, there are 80 Bitcoin money machines or switch Coin ATM-Radar in Great Britain
- The FCA said "People should be ready to lose all of their money" if they invest in crypto-assets because they are not regulated
The Financial Conduct Authority (FCA) announced on Friday that the operation of all crypto cash machines in Great Britain was prohibited.
The regulatory authority "warned" the operators of crypto monetary machines to "switch off their machines" or "to expect enforcement measures", according to a Friday statement .
"We regularly warn consumers that crypto-assets are unregulated and risky, which means that people most likely have no protection if something goes wrong, so people should be ready to lose all of money if they decide to invest in them," said the FCA in his message.
The message follows the confiscation of three NFTs by the British tax authority Her Majesty’s Revenue and Customs last month in a fraud examination of almost $ 2 million.
As a result of the investigation, three people were arrested for suspected fraud. Suspicious used virtual private networks (VPNS), stolen identities, fake addresses and non -registered phones to hide illegal activities.This was the first confiscation of a blockchain-based digital collector's piece in the country.
Nick Sharp, Deputy Director of Economic Crime at Her Majesty’s Revenue and Customs, said that the authority " adapted to new technologies to ensure [they] keep pace how criminals and fraudsters try to hide their assets. ”
The use of Bitcoin Automats is increasingly being examined elsewhere in the world. New licensing guidelines of the Monetary Authority of Singapore (MAS) forced the ATM operators there to close in January.
. .
The Post Bitcoin ATMS Illegal in the UK, Regulator Says is not a financial advice.
Kommentare (0)