{"id":21390,"date":"2022-03-12T10:57:34","date_gmt":"2022-03-12T15:57:34","guid":{"rendered":"http:\/\/worldjusticenews.com\/news\/?p=21390"},"modified":"2022-03-12T10:57:34","modified_gmt":"2022-03-12T15:57:34","slug":"bitcoin-cash-machines-ordered-to-shut-down-in-uk","status":"publish","type":"post","link":"https:\/\/worldjusticenews.com\/news\/2022\/03\/12\/bitcoin-cash-machines-ordered-to-shut-down-in-uk\/","title":{"rendered":"Bitcoin cash machines ordered to shut down in UK"},"content":{"rendered":"
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All UK crypto-currency cash machines (ATMs) are operating illegally and must be shut down, the Financial Conduct Authority has announced.<\/b><\/p>\n<\/div>\n<\/div>\n

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Crypto-ATMs look like regular cash machines and let people buy crypto-currency, such as Bitcoin, using their bank cards.<\/p>\n<\/div>\n<\/div>\n

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But no company offering crypto-currency services in the UK has a licence to operate a crypto-ATM.<\/p>\n<\/div>\n<\/div>\n

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The FCA said all such machines must be shut down or it will take action.<\/p>\n<\/div>\n<\/div>\n

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According to crypto-ATM directory Coin ATM Radar, there are 81 functional crypto-ATMS in the UK.<\/p>\n<\/div>\n<\/div>\n

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The FCA said: “We regularly warn consumers that crypto-assets are unregulated and high-risk which means people are very unlikely to have any protection if things go wrong.<\/p>\n<\/div>\n<\/div>\n

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“People should be prepared to lose all their money if they choose to invest in them.”<\/p>\n<\/div>\n<\/div>\n

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The FCA\u00a0publishes a list of companies that appear to be involved in crypto-currency<\/a>\u00a0but have not registered their business with the regulator for anti-money-laundering checks.<\/p>\n<\/div>\n<\/div>\n

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It said that since the publication of its list, 110 of the crypto companies had ceased trading.<\/p>\n

Source: bbc.co.uk<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

All UK crypto-currency cash machines (ATMs) are operating illegally and must be shut down, the Financial Conduct Authority has announced. Crypto-ATMs look like regular cash machines and let people buy crypto-currency, such as Bitcoin, using […]<\/a><\/div>\n","protected":false},"author":1,"featured_media":19584,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","footnotes":""},"categories":[2,4],"tags":[8340,4686,5534],"class_list":{"0":"post-21390","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"category-uk","9":"tag-crypto-atms","10":"tag-cryptocurrency","11":"tag-financial-conduct-authority","12":"pmpro-has-access"},"_links":{"self":[{"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/posts\/21390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/comments?post=21390"}],"version-history":[{"count":2,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/posts\/21390\/revisions"}],"predecessor-version":[{"id":21392,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/posts\/21390\/revisions\/21392"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/media\/19584"}],"wp:attachment":[{"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/media?parent=21390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/categories?post=21390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/tags?post=21390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}