CoinVoice has recently learned that according to a press release issued by the UK Financial Conduct Authority (FCA) on Monday, Olumide Osunkoya admitted to illegally operating a crypto ATM network. This is the first conviction case in the UK involving cryptocurrency ATM operations. At a hearing held at Westminster Magistrates' Court, 45-year-old Olumide Osunkoya admitted to five counts.
Sentencing for the offences will take place at Southwark Crown Court on a date to be announced.
Earlier, it was learned that the UK Financial Conduct Authority (FCA) announced on September 10 that it had filed charges against 45-year-old London resident Olumide Osunkoya, alleging that he illegally operated multiple cryptocurrency ATMs that were not registered with the regulator. [Original link]
