In southwest London, authorities seized seven crypto ATMs and arrested two individuals on charges of money laundering and running an unregistered cryptocurrency exchange. This operation was conducted by the UK Financial Conduct Authority (FCA) and the Metropolitan Police. Since January 2021, all crypto businesses in the UK must register with the FCA and comply with anti-money laundering laws. Currently, there are no legal crypto ATMs operating in the UK, making their use a criminal offense. Therese Chambers, FCA's executive director, warned that illegal operations would face severe repercussions. Meanwhile, in Wisconsin, a new bill aims to protect consumers from scams related to crypto kiosks, following a surge in fraudulent activities. The legislation seeks to ensure transparency and safeguard against hidden fees and deceptive practices. Victims of crypto ATM scams lost approximately $247 million in 2023, highlighting the urgent need for protective measures. A similar federal bill, the Crypto ATM Fraud Prevention Act, was introduced in the US Senate in February 2025. Read more AI-generated news on: https://app.chaingpt.org/news