All Bitcoin cashpoints in Britain have been ordered to shut down after the Financial Conduct Authority declared them illegal.
— Telegraph Business (@telebusiness) March 11, 2022
The UK has 81 functioning Bitcoin ATMs. Most operate in convenience stores and supermarkets, which the FCA has also written to, reports @jamestitcomb
UK bans crypto-ATM machines. Yet 32,000 of these pop-up money-laundering kiosks thrive in the U.S., especially in poor, low-income inner city neighborhoods, charging usurious fees and bearing none of the protections that traditional bank ATMs have. https://t.co/o2J1R4lQD9
— John Reed Stark (@JohnReedStark) March 12, 2022