Since the start of 2023, the FCA has visited and inspected 34 locations across the UK suspected of hosting crypto ATMs.
The FCA has used its powers to inspect sites in Exeter, Nottingham and Sheffield suspected of hosting illegally operated crypto ATMs.
There are currently no crypto ATM operators registered with the FCA, which they must be to operate legally.
The FCA has used its powers to enter and inspect several sites around Leeds suspected of hosting illegally operated crypto ATMs.
None of the FCA registered cryptoasset firms are approved to offer crypto ATM services, and consumers should not use them.