The Financial Conduct Authority (FCA) in the UK has accused Olumide Osunkoya, 45, of operating multiple cryptocurrency ATMs illegally. The FCA said the ATMs operated by Osunkoya processed £2.6 million worth of cryptocurrency transactions between December 2021 and September 2023, spread across multiple locations, but none of these ATMs were registered with the regulator. The regulator said Osunkoya faces two charges related to anti-money laundering and counter-terrorism financing regulations, two charges related to false documents "created and used" in his activities, and one charge involving property "suspected to be the proceeds of crime" from his cryptocurrency ATM business. (Financial Times)