The man in the UK was sentenced to 4 years for the illegal operational group of the CRIPTO

Omrumide Ozunkaia was sentenced to four years in prison for illegally operating automated machines for automated kingdom in the United Kingdom.

46-year-faced charges related to Running CRIPTO ATMs through its company, GidiPlus, with machines installed in several locations throughout the United Kingdom.

According to the authorities, Ozunkai founded 2.5 million pounds ($ 3.2 million) Cripto ATM business despite being denied registration by the financial behavior authority. FCA Allegations against him early September 2024. years, and he confessed to the blame Up to six points 30. September 2024. years.

February 28th, the Court condemned Unregistered crypto activities, falsification, possession and use of false personal documents and possession of criminal assets.

Court documents found that Ozukoria has terrified their unregistered crypto business between December 2021. and March 2022. Years. The FCA noted that he achieved significant earnings, charges the brand fees between 30% and 60% on transactions.

“Your decision to continue to operate illegally was an act of intentional and calculated deflector”, his honorable judge Perners during the sentence.

The judge further noted that Suskoria went to “great lengths to create a false identity”, which made his case more than a regulatory violation.

“This is the first criminal sentence for unregistered crypting activity and sends a clear message, they want to avoid discovering and engaging in criminal activities will face serious consequences,” Teresa Chambers, Executive Director of Execution at FCA said.

The guilt of guilt in guilt comes until FCA seems to intensify its own and illegal crypto related operations and services.

WatchdogDog financial markets Mandate All providers wishing to offer digital assets and products in the country to register. The FCA also requires provider providers adhere to the guidelines and checking money, the fact that the Agency says the CRIPTO ATM provider failed to adhere to.

According to the market regulator, his reception for illegal CRIPTO seller has seen the number of Location CRIPTO ATMs in UK on CoinatMradar autumn from 80 in 2022. to zero in 2024. Years. Details about Coininatmradar website It is currently over 37,200 CRIPTO ATMs in 69 countries. Most of these machines are installed in the United States, which have over 29,700 locations.