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Financial Crime Financial Crime

UK action against illegal crypto ATMs expands as financial watchdog conducts raids in London

By Phoebe Seers
  • 08 Mar 2023 11:38
  • 08 Mar 2023 11:38
The UK’s financial watchdog says its crackdown on illegal cryptocurrency cash machines continues, with recent inspections of several sites in London suspected of hosting them.

The Financial Conduct Authority said there are currently no crypto ATM operators registered with it — a requirement to operate legally. Crypto ATMs allow people to buy or

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Phoebe Seers

Correspondent

Phoebe has covered Financial Crime and compliance issues for MLex since 2015, initially in the Hong Kong bureau and currently in London. While in Hong Kong she won two SOPA awards for her reporting on corruption in the energy sector in Indonesia. Prior to journalism she worked as a solicitor with a focus on white-collar crime litigation in London and Hong Kong. She has a BA in English and Philosophy from Newcastle University.

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