The UK Financial regulator orders shut down on all Bitcoin ATMs in the United Kingdom and it told operators to shut their machines down right away so let’s read more in today’s latest Bitcoin news. The UK Financial Regulator, UK FCA, told Bitcoin ATMs operators to shut down their machines or will face enforcement action. […]

The FCA “warned” crypto ATM operators in the UK to “shut their machines down” or “face enforcement action”

The post Bitcoin ATMs Illegal in the UK, Regulator Says appeared first on Blockworks.

Oil Crude prices tentatively turned negative after Russian President Putin saw “certain positive shifts” in talks with Ukraine. Oil will remain a volatile trade as the headlines regarding the war in Ukraine and Iran nuclear talks will keep traders on edge.  Optimism for a Russia-Ukraine ceasefire is driving crude prices lower but that might not […]

The UK’s financial regulator, the Financial Conduct Authority (FCA) has issued warnings against service providers of all 81 Bitcoin ATMs to shut down after being declared illegal. The FCA is concerned over the fact that crypto ATMs have almost negligible security checks and that none of the providers are actually licensed. This has led to concerns they could be used for money laundering. “We have warned operators of crypto ATMs in the UK to shut their machines down or face enforcement action,” the regulator said, adding… “Crypto ATMs offering crypto-asset exchange services in the UK must be registered with us and comply with UK money laundering regulations. A mere 33 companies are listed on the UK’s crypto-asset register, with a further 22 on a time-limited list permitting trading until the end of March. The FCA has shut down 110 operators to date. “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, so people should be prepared to lose all their money if they choose to invest in them,” said the FCA.

The post Bitcoin ATMs Shuts Down After Being Declared Illegal in UK appeared first on Cryptoknowmics-Crypto News and Media Platform.

The Financial Conduct Authority in the UK has told operators of crypto cashpoints to shut their machines down.

The financial watchdog in the U.K. has declared that all non-registered ATMs must be immediately closed down or be subject to undisclosed additional action.

Sim hacks, sim swaps, and other security problems deal a lot of damage to people’s lives.  Good thing Haseeb Awan of  Efani and Bitaccess...

Amid bank freezes and ATM overruns, one Ukrainian escaped with his wealth in bitcoin and is now fighting Russia on his own terms.

The producers of ‘Tiger King’ and ‘FYRE’ are teaming together to create a new Netflix series based on the true-life story of Ilya ‘Dutch’ Lichtenstein and Heather Morgan, who was arrested this week on charges of conspiring to launder $4.5 billion in Bitcoin. A total of $3.6 billion was seized by the authorities.  Netflix said today that it has approved a documentary series about the couple accused of attempting to launder funds obtained from the 2016 Bitfinex hack, one of the largest exchange hacks in Bitcoin history. This is the firm’s newest move into the crypto-crime world. Last year, Netflix announced the release of  ‘Trust No One: The Hunt for the Crypto King’, a film about the QuadrigaCX exchange, whose founder Gerald Cotten died suddenly while controlling the keys to users’ wallets, resulting in the loss of millions of dollars in Bitcoin and other cryptocurrencies. Lichtenstein and Morgan were detained in New York on Tuesday and charged with fraud and money laundering for allegedly attempting to launder 120,000 bitcoins over a period of time. Officials from the Justice Department allege they did so by using Bitcoin ATMs, altcoin transactions, and non-fungible token purchases. On the day of their arrest, the two appeared in federal court and will face a new bail hearing on Monday. Morgan had a larger social media presence than Lichtenstein, the founder of the now-defunct blockchain business Endpass. The crypto entrepreneur was active on TikTok and Instagram and had a collection of NFTs on OpenSea until recently. She also went by the stage name “Razzlekhan’ Morgan, who was the CEO of Endpass. She also contributed to Forbes, where she penned many pieces, one of which was titled ‘Protect Your Business from Cybercriminals.’ Chris Smith will direct and executive produce the new series alongside Nick Bilton, who directed the documentary ‘FYRE: The Greatest Party That Never Happened’ and worked as an executive producer on ‘Tiger King.’ Bilton published the book ‘American Kingpin,’ on the hunt for Silk Road creator Ross Ulbricht, and produced the Elizabeth Holmes documentary ‘The Inventor: Out for Blood in Silicon Valley.’ Morgan and Lichtenstein may face up to 25 years in jail if convicted.

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Netflix ordered the yet-to-be-named documentary series from the creators of "Tiger King" and "FYRE" into production.

2021 was a highlight year for the cryptocurrency industry, with rapid growth noted not just in the asset market, but also in the infrastructure surrounding it. Big 4 accounting firm KPMG, which itself revealed holding Bitcoin and Ethereum on its Canada arm’s balance sheet earlier, has now highlighted in a report that investments in the […]

The Justice Department announced Tuesday its largest-ever financial seizure — more than $3.5 billion — and the arrests of a New York couple accused of conspiring to launder billions of dollars in cryptocurrency stolen from the 2016 hack of a virtual currency exchange.

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