First criminal sentence handed down in UK for illegal crypto ATMs, operator sentenced to four years

From Cointelegraph
March 02, 2025 07:43 PM:

An illegal crypto ATM operator in the UK has been sentenced to four years in prison for operating them without regulatory permission, processing 2.6 million British pounds ($3.14 million). He pleaded guilty to five charges and was also sentenced for forgery and possessing criminal property obtained from running the illicit ATMs. The FCA and local police agencies conducted a blitz to remove illegal crypto ATMs across the country, resulting in the removal of 30 machines and a warning to people that crypto remains high risk in the UK.

Read more at Cointelegraph: UK hands down first criminal sentence over illegal crypto ATMs