Eyes of the India

 All 81 operational Bitcoin cashpoints in the UK must shut down after being declared illegal by the country’s financial regulator. The Financial Conduct Authority has written to the providers with the directive, and raised the prospect of enforcement if it is not obeyed. Most of Britain’s cryptocurrency ATMs are found in convenience shops and supermarkets, and they too have been written to by the FCA. The machines allow users to to exchange cash for Bitcoin but have scant security checks, especially for smaller amounts, and none of their providers are licensed. This has led to concerns they could be used for money laundering, prompting the FCA to act. “We have warned operators of crypto ATMs in the UK to shut their machines down or face enforcement action,” the regulator said. “Crypto ATMs offering crypto-asset exchange services in the UK must be registered with us and comply with UK money laundering regulations. “None of the crypto-asset firms registered with us have been approved...

  Do as much research as you can before taking the first steps to invest in digital tokens In the summer of 2018, I sat on my bed in south-west London and held a piece of paper with the date, my name and my signature next to my face so that I could take a picture with my webcam. This was just part of the process for signing up to buy cryptocurrency then, which also involved a woman calling me by video to verify I was the person in the picture and that the details all matched my passport. Only then was I allowed to create an account, deposit money and buy Bitcoin . From this platform I could then transfer it to another exchange where I could use that Bitcoin to purchase what are known as alt-coins . Alt-coins are as numerous as they are varied. Some you may have heard about have exceptional teams behind them, solving real world problems and aiming to make it into the big leagues. Others were started as jokes, such as Dogecoin and Shiba Inu, or get rich quick schemes and serve only ...