Bitcoin cash machines ordered to shut down

Crypto-ATMs look like regular cash machines and let people buy crypto-currency, such as Bitcoin, using their bank cards. But no company offering crypto-currency services in the UK has a license to operate a crypto-ATM.

According to crypto-ATM directory Coin ATM Radar, there are 81 functional crypto-ATMs in the UK.

The FCA publishes a list of companies that appear to be involved in crypto-currency but have not registered their business with the regulator for anti-money-laundering checks.

It said that since the publication of its list, 110 of the crypto companies had ceased trading.

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