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The Guardian - UK

Technology

Kalyeena Makortoff Banking correspondent

Watchdog and West Yorkshire police raid crypto ATM operators in UK first

FCA Crypto United Kingdom Police West Yorkshire Financial Conduct Authority Leeds

A bitcoin ATM — No cryptocurrency ATMs in the UK are regulated by the Financial Conduct Authority. Photograph: Dominic Lipinski/PA

Authorities have raided several sites around Leeds as part of what is believed to be the UK’s first crackdown on illegally operated crypto ATMs.

Evidence was gathered from multiple sites around the city that were suspected to be hosting machines allowing customers to buy or convert traditional currencies into cryptoassets including bitcoin.

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