UK courts have handed down the first-ever conviction for an illegal crypto ATM operation. The landmark ruling comes as part of a crackdown on unregulated crypto activities in the UK. The case involves Olumide Osunkoya, a UK national, who pleaded guilty to five offenses related to the illegal operation of cryptocurrency ATMs. This is the first time a conviction has been made in relation to the operation of a crypto ATM. Osunkoya was previously charged by the UK's Financial Conduct Authority (FCA) for illegally operating cryptocurrency ATMs in various locations across the UK. This conviction marks a significant step in the UK's efforts to regulate the crypto sector and protect consumers from fraudulent or illegal activities. It also sends a warning to those who may be considering engaging in unregulated crypto activities.