You won't BELIEVE what they found
The FCA (Financial Conduct Authority) has taken action against illegal crypto ATMs.
They visited and inspected 34 locations since the beginning of 2023.
Out of those 34 ATMs, a whopping 26 were found to be operating illegally.
The FCA warned all crypto ATM operators to comply with regulations or shut down their operations.
The FCA has discovered potential money laundering and criminal activities associated with #crypto ATMs. Here's the most alarming part:
Victims of scams involving these #crypto ATMs won't be protected by the government or the ATM operators.
Scammers are using fear tactics and even pretending to be law enforcement officials to deceive people.
Remember, the FCA inspection drive is ongoing, so more actions will be taken against illegal #crypto ATMs.
Stay safe and be cautious! If something seems too good to be true, it probably is.
Protect your hard-earned money from these shady crypto ATMs!
Spread the word!
Share this to warn others about the risks associated with illegal #crypto ATMs.
Together, we can keep our community safe 💪
