The Financial Conduct Authority (FCA) has announced that all UK Crypto-ATMs must be shut down. The FCA says this is because none of the cryptoasset firms registered with the FCA have been approved to offer crypto ATM services. The FCA says: “We regularly warn consumers that cryptoassets are unregulated and high-risk which means people are very unlikely to have any protection if things go wrong, so people should be prepared to lose all their money if they choose to invest in them.”
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