Seven cryptographic ATMs were confiscated, and two people were arrested in south -western London on Thursday on the charge of money laundering and conducting illegal exchange of cryptocurrencies.
The operation was conducted by the British Financial Office (FCA) and the metropolitan police, According to to a financial supervision declaration.
From January 2021, every cryptographic activity operating in Great Britain must be registered in the FCA and comply with money laundering regulations. Currently, there are no legal ATMs in Great Britain, and the exploit of one without FCA registration is a crime.
“If you illegally run a cryptographic ATM or stock exchange, you should expect serious consequences,” said Therese Chambers, executive director for the enforcement and market supervision at the FCA. “Currently, there are no legally operated cryptographic ATMs in Great Britain, so the use of one is only supported by a crime.”
The suspects were intelligence and released while investigating the investigation.
Related: The police in Tasmanian believe that the 15 best cryptographic users are a fraud of victims
American legislators propose provisions regarding cryptographic ATMs
In Wisconsin, an American state in which cryptographic kiosks are becoming more and more common, the bill introduced By the senator of state Keld Roys and a representative of Ryan Spaude in order to create security against fraud, hidden fees, misleading prices and fraud, which can cause significant financial losses.
Legislation was introduced after a wave of fraud related to digital currencies and cryptographic kiosks, the state was overwhelmed.
https://www.youtube.com/watch?v=alc2U0ynfca
“Everyone deserves detailed information about the risk of some types of technologies, costs of costs and fees as well as legal paralysis to prevent fraud and the use of crimes,” said Roys. “Cryptocurrency is here and actively used – and we must take steps to stop Wisconsinites from corruption.”
The recent regulations are aimed at solving cryptographic frauds
The most common fraud covering cryptographic ATMs are phishing fraud in which victims are cheated to send cryptocurrencies to fraudsters pretending to be law enforcement agencies, state officers or public utility companies. They often go to older and more sensitive populations.
According to the FBI report, the victims lost about $ 247 million for fraud, which included cryptographic ATMs 2023.
In order for the recent bill to become the law, Spaude and Roys must master the act via committees, a secure committee and floor approval in both the assembly and the Senate, and obtain the governor’s signature.
Similar Bill He was introduced to the US Senate at federal level in February 2025 by Senator Dick Durbin (D – IL). If it was adopted, the “Act on the prevention of fraud in cryptocurrency” would show warnings regarding kiosks throughout the country, enforce the limits of recent customer transactions and offers fraud that report a fraud within 30 days of a full refund.
According to the data with CoinatmradarThe USA is home for 78.4% of global Bitcoin ATMs.
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