Olumide Osunkoya pleaded guilty to operating a crypto ATM network illegally.

- Osunkoya, 45, pleaded guilty to five charges at Westminster Magistrates' Court.

- He operated crypto ATMs that processed £2.6m in transactions without the required registration.

- The trial found his machines were used to launder money and evade tax.

- Sentencing will be heard at Southwark Crown Court on a date to be confirmed.

- The FCA is aggressively cracking down on illegal crypto ATMs, with 34 inspections scheduled by the end of 2023.