UK watchdog shuts more illegal cryptocurrency 'machines'

[ETJ]

UK watchdog shuts more illegal cryptocurrency 'machines'
Reuters
Britain's Financial Conduct Authority said on Tuesday it has stopped 26 machines across the country for illegally offering cryptocurrencies, warning consumers they could lose all of their money. A member of the public paid in a thousand pounds into a crypto ATM in Sheffield, northern England, in an attempt to buy cryptocurrencies, but no cryptocurrency or funds were returned, the FCA said.
/jlne.ws/3NTMCM2

 

[virtusa]

UK watchdog shuts more illegal cryptocurrency 'machines'
Reuters
Britain's Financial Conduct Authority said on Tuesday it has stopped 26 machines across the country for illegally offering cryptocurrencies, warning consumers they could lose all of their money. A member of the public paid in a thousand pounds into a crypto ATM in Sheffield, northern England, in an attempt to buy cryptocurrencies, but no cryptocurrency or funds were returned, the FCA said.
/jlne.ws/3NTMCM2

To do this scam successfully you need stupid victims. In the crypto world there are plenty of potential victims with the required (non) intelligence.

 

[RedDuke]

The irony is that crypto itself is not a scam, its valuation is.

 

[traderjo]

The irony is that crypto itself is not a scam, its valuation is.

Blockchain technology is not a scam but ICO of a crypto based on 2 page whitpaper or whatever the fans call it.. how is that a store of value?

 

[maxinger]

Luckily only foolish gullible people lost their $$$ through such scams.

 

[Pekelo]

The irony is that crypto itself is not a scam.

It is like saying a religion is not responsible for its followers. Sure it is.