Goodbye Crypto ATMs: London’s Unregulated Crypto ATMs Has Been Shut Down
It’s a sad day for London crypto fans as the UK Financial Conduct Authority (FCA) has decided to shut down all unregulated cryptocurrency ATMs. Goodbye London!
What Did The FCA Do?
Well, the FCA clamped down on unregulated crypto ATMs in London saying they don’t fit into the organization’s regulatory framework. That’s kind of a bummer, but at least we can still buy KFC with crypto.
What Did Crypto Fans Think?
Oh, the reactions were priceless. Some people screamed, “No!”, others said, “It was only a matter of time”, and then some even joked about having to use an actual bank now. Hey, internet culture never stops!
What Are The Alternatives?
It may be the end of an era, but all hope isn’t lost just yet! There are still some ways you can purchase crypto in London:
- Online exchanges: You can buy crypto on popular exchanges such as Coinbase and Binance.
- Card-based ATMs: There are some ATMs around London that accept card payments so you can buy crypto that way.
- Physical exchanges: If you’re feeling a bit nostalgic, you can still buy crypto in person on certain physical exchanges.
Final Thoughts
Ah, the FCA has finally done it. Goodbye unregulated crypto ATMs in London, we love you and we’ll miss you! Just remember, the internet never forgets and crypto will find a way. #HODL!
