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This is not really news - these people just didn't get licensed. There probably never will be any more licensed operators in the UK because the FCA is creating
by from 4y ago
This is not really news - these people just didn't get licensed. There probably never will be any more licensed operators in the UK because the FCA is creating increasingly onerous requirements. In America every week there are unlicensed money transmitter prosecutions including for crypto ATMs, Paxful traders, Hawaladars (and their Chinese equivalents), etc. You have to fill out a form on the FINCEN website, get a lawyer to give you a template compliance manual, and depending on your state do the same thing there. Not really a big deal.