UK orders shutdown of ‘illegal’ Bitcoin cashpoints – The National
- Date: 11-Mar-2022
- Source: The National
- Sector:Financial Markets
- Country:Middle East
UK orders shutdown of ‘illegal’ Bitcoin cashpoints – The National
All 81 operational Bitcoin cashpoints in the UK must shut down after being declared illegal by the country's financial regulator.
The Financial Conduct Authority has written to the providers with the directive, and raised the prospect of enforcement if it is not obeyed.
Most of Britain's cryptocurrency ATMs are found in convenience shops and supermarkets, and they too have been written to by the FCA.
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