Financial Regulator Warns Crypto ATM Users Risk Losing Money

A sign advertises a Bitcoin automated teller machine, ATM, at a shop in Halifax on February 4, 2020. Andrew Vaughan / The Canadian Press

People using unregistered cryptocurrency ATMs risk handing their money to criminals, a financial regulator has warned.

In a joint effort with law enforcement agencies, the Financial Conduct Authority (FCA) has disrupted 26 crypto ATMs, operating unlawfully across the country.