🚨 **Crypto ATM Operator Pleads Guilty in Landmark UK Case!** 🚨

Olumide Osunkoya, 45, has pleaded guilty to illegally operating a crypto ATM network, marking the first conviction of its kind in the UK. The FCA revealed that Osunkoya's unregistered ATMs processed £2.6 million ($3.4 million) in transactions, potentially aiding money laundering and tax evasion. Sentencing will take place at Southwark Crown Court, with the date yet to be confirmed.

The FCA has been cracking down on illegal crypto ATMs, conducting 34 inspections by the end of 2023. What are your thoughts on this crackdown? Share in the comments! 💬