Spain and UK Finance News Round-up, July 23

Spain and UK finance news round-up, July 23

UK authorities shut down seven illegal crypto cash machines in southwest London on July 17, (as reported by Vanguard) arresting two people as part of a wider crackdown on unregistered cryptocurrency operations. The Financial Conduct Authority (FCA) confirmed no crypto cash machines are legally registered in the UK. “Using one only supports crime,” warned FCA enforcement chief Therese Chambers. Source

Illegal Crypto Network Uncovered In UK: ATMs Seized, Arrests Made

A pair of arrests and the seizure of seven crypto ATMs in southwest London marked the latest move by UK regulators against unlicensed digital‑currency services. According to a press statement issued by the Financial Conduct Authority, two people were interviewed under caution after officers from the FCA and the Metropolitan Police searched four sites this week. Investigators say the machines were part of an unregistered exchange network that ski…

SFO freezes crypto assets linked to Arena TV investigation

The UK’s Serious Fraud Office (SFO) has frozen £10,865.76 ($14,660.25) in Bitcoin and £289.30 in USDC linked to Richard Yeowart, the CEO of the collapsed Arena TV.   The move is part of an ongoing investigation and represents the first use of powers introduced last year to freeze cryptocurrency assets.  According to the press release, the assets were identified by SFO proceeds of crime specialists as linked to suspected criminal activities.   Fo…