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Illegal UK crypto ATM operator jailed after financial watchdog prosecution

( February 28, 2025, 17:13 GMT | Official Statement) -- MLex Summary: A British man convicted of operating an illegal crypto ATM network was today jailed for four years at Southwark Crown Court in London. Olumide Osunkoya operated a network of 12 crypto ATMs, which processed more than 2.6 million pounds (around $3.5 million) in crypto transactions between December 2021 and September 2023. His conviction marks the Financial Conduct Authority’s first prosecution related to unregistered cryptoasset activity. Statement follows....

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