London Crackdown: FCA & Police Seize 7 Crypto ATMs in Bold Regulatory Strike
London’s crypto underground just got a reality check. The FCA and Metropolitan Police swooped in on seven Bitcoin ATMs—unlicensed, unregistered, and apparently operating like Wild West saloons in the financial district.
Regulators draw blood
No warnings, no fines—just a straight-up hardware grab. These machines weren’t playing by KYC rules, and authorities made it clear: London isn’t a sandbox for anonymous crypto cowboy schemes.
The irony? These ATMs probably generated more traceable transactions than half the private banks in Mayfair—just without the ‘respectable’ money laundering fees.
One thing’s certain: when regulators start treating crypto kiosks like unmarked bills, the ‘decentralization’ crowd suddenly remembers where the real power lives.
