The UK has issued its first-ever criminal sentence for operating illegal crypto ATMs. Olumide Osunkoya has been sentenced to four years in prison for running an unlicensed crypto ATM network used for money laundering and fraud. Authorities are cracking down on unlicensed machines, marking a significant step in enforcing regulations on cryptocurrency transactions. This case sends a clear message that stricter rules and penalties are coming for those operating without approval.
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