City regulator joins Met in raids on suspected crypto ATM operations
by Kalyeena Makortoff Banking correspondent from Technology | The Guardian on (#69JZC)
Joint investigation with police in London follows similar operartion in Leeds as part of wider crackdown on sector
The City watchdog and local police have raided several sites in east London suspected of housing illegal ATMs distributing cryptocurrencies, as part of a widening crackdown on the sector.
The joint operation between the Financial Conduct Authority (FCA) and Metropolitan police came just weeks after similar raids in Leeds. Those are believed to be the first to target crypto distribution in the UK, including machines that allow customers to buy or convert traditional currencies into cryptoassets such as bitcoin.
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