FCA

Will Bitcoin ATMs in the UK be Shut Down?

The Financial Conduct Authority (FCA) of the UK is clamping down on Bitcoin ATMs, deeming them unregulated and mandating that they be closed shortly. Bitcoin ATMs Must Be Registered and Submit to Anti-Money Laundering Rules. The British Financial Conduct Authority recently released an official statement requiring all cryptocurrency organizations–including Bitcoin ATMs–to be registered and comply with anti-money laundering policies. This is a direct message from the FCA, Britain’s financial enforcer.…