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Owner of unlicensed UK crypto ATM network faces criminal charges

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The operator of the UK’s first cryptocurrency ATM has been charged with criminal offenses, marking a significant development in the country’s regulatory oversight of digital currency operations.

The charges stem from allegations that the ATM, which was the first of its kind to be installed in the UK, was used to facilitate unlawful transactions. Authorities allege that the machine was involved in money laundering and other illegal financial activities, raising concerns about the regulatory framework surrounding crypto ATMs.

The operator, whose identity has not been disclosed, faces multiple charges related to financial crimes. This case represents a landmark moment in the enforcement of cryptocurrency regulations and highlights the increasing scrutiny of digital asset operations in the UK.

A spokesperson for the UK’s Financial Conduct Authority (FCA) stated, “The charges against the operator underscore the importance of ensuring that all cryptocurrency-related activities adhere to legal and regulatory standards. We are committed to maintaining the integrity of the financial system and will take decisive action against any entity involved in illegal activities.”

The crypto ATM in question was launched as part of a broader effort to enhance access to digital currencies for the public. However, its involvement in criminal activities has raised questions about the effectiveness of current regulatory measures and the need for stricter oversight of cryptocurrency transactions.

The case is expected to set a precedent for how cryptocurrency ATMs are regulated and monitored in the UK. It will likely prompt a review of existing regulations and may lead to the implementation of more stringent compliance requirements for operators of digital currency machines.

Industry observers view the charges as a significant development in the ongoing efforts to regulate the cryptocurrency sector and combat financial crime. The outcome of the case could have far-reaching implications for the operation of crypto ATMs and the broader digital asset market in the UK.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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