FCA charges first individual with running a network of illegal crypto ATMs

News Financial services English Sanctions & Fines

Date: 10th Sep, 2024 Source: Financial Conduct Authority Country: United Kingdom Original Source

Brief

The FCA has charged Mr Olumide Osunkoya, who is 45 and resides in London, for unlawfully running multiple crypto ATMs without FCA registration. Crypto ATMs are machines that allow you to buy or convert money into cryptoassets. Mr Osunkoya is accused of running crypto ATMs, which processed £2.6m in crypto transactions across multiple locations between 29 December

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FCA charges first individual with running a network of illegal crypto ATMs

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FCA charges first individual with running a network of illegal crypto ATMs

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