UK Dey Crack Down On Unlicensed Crypto ATM Dem As US States Dey Propose Kiosk Rules
UK authorities, wey FCA and Metropolitan Police dey lead, don seize seven crypto ATM wey no get license for London and dem hold two pipo wey dem suspect say dem dey do money laundering. FCA don talk say no crypto ATM get legal registration for UK, so as any operation na crime under the anti–money laundering rules wey dem start for 2021. FCA enforcement director, Therese Chambers, warn operators say serious punishment dey wait for anybody wey break law. For worldwide, regulators dey tighten di rules: lawmakers for Wisconsin don propose bill to make say dem must clear all fee, show correct exchange rates plus scam warnings for crypto kiosk sites, while Grosse Pointe Farms for Michigan don adopt local ATM regulations even though dem no get ATM for their streets. Traders suppose dey watch this trend well well because the increase for crypto ATM regulation fit change how dem fit get liquidity and how compliance go be.
Neutral
Di crackdown wey dem do for unlicensed crypto ATM dem for UK plus di proposed US kiosk regulations fit limit short-term OTC liquidity and access points for traders, but e fit improve long-term market integrity and compliance. Even though stricter rules fit bring operational challenges, e still build trust plus fit increase institutional participation. Di balanced impact for trading volumes and price mean say di market reaction neutral.