PANews reported on March 1 that according to the announcement of the UK Financial Conduct Authority (FCA), from December 30, 2021 to March 12, 2022, London resident Osunkoya operated unregistered cryptocurrency ATMs in 28 different locations through his company GidiPlus Ltd, involving a value of more than 2.5 million pounds. He was eventually sentenced to 4 years in prison. This sentence is the first time in the UK that someone has been sentenced for unregistered crypto asset activities.

Previously, the FCA worked with law enforcement agencies to crack down on illegal crypto ATMs across the country. In 2023, the FCA visited 38 locations and disrupted 30 machines. The number of crypto ATMs advertised on CoinATMRadar in the UK has dropped from more than 80 in 2022 to zero in 2024.