According to Foresight News, the UK Financial Conduct Authority (FCA) has charged Olumide Osunkoya, 45, who lives in London, with illegally operating multiple cryptocurrency ATMs without FCA registration.

Between December 29, 2021 and September 8, 2023, its ATMs processed £2.6 million in cryptocurrency transactions at multiple locations without the necessary registration.

The announcement stated that there are no legal cryptocurrency ATM operators in the UK. The defendants are due to appear at Westminster Magistrates’ Court on September 30, 2024.