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NEWS: Britain’s FCA for first time uses powers to raid businesses hosting illegal crypto ATMs, agency says

UNREGULATED CRYPTO ATMs: Britain's FCA has raided a number of businesses hosting such ATMs. File picture used for illustrative purposes only.

THE UK’s Financial Conduct Authority (FCA) has for the first time used its powers to enter and inspect several sites around Leeds suspected of hosting illegally operated crypto ATMs. The FCA gathered evidence from several sites around the city as part of a joint operation with West Yorkshire Police’s Digital Intelligence and Investigation Unit. Evidence…

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