Olumide Osunkoya, the operator of a network of crypto ATMs in the UK, has pleaded guilty to multiple charges including fraud and money laundering. He could face up to 26 years in prison if convicted of all charges. Osunkoya operated at least 11 crypto ATMs across the UK without the required ...

The Financial Conduct Authority (FCA) in the UK is taking a hard line on cryptocurrency firms. The regulator's 2024 annual report reveals that nearly 90% of crypto firms applying for registration in the UK over the past year have been rejected. The FCA's Tough Stance This high rejection rate ...