Imagine a vending machine, but instead of candy, it gives you cryptocurrency! A man in the UK was caught running these machines illegally. He didn't follow the rules, and now he's in big trouble.
- He ran many cryptocurrency ATMs without permission.
- He used fake names and companies to hide what he was doing.
- He didn't check if people were using the machines to wash dirty money.
- The police shut down most of these illegal machines.
Fact | Number |
---|---|
Amount of money processed (in British pounds) | 2.6 million |
Jail sentence (in years) | 4 |
Number of ATMs operated illegally | 12+ |
This shows that using cryptocurrency involves risks. It's important to only use legal and safe ways to handle your money.