Seven crypto ATMs were seized and two arrests were made in southwest London on suspicion of money laundering and operating illegal exchanges. The operation involved the UK Financial Conduct Authority (FCA) and the Metropolitan Police, which stated that operating a crypto ATM without FCA registration is a criminal offense. Therese Chambers, FCA's executive director, warned that operating illegally would lead to serious consequences, highlighting that no legal crypto ATMs exist in the UK. In the US, particularly Wisconsin, efforts are underway to regulate crypto ATMs to prevent scams. Legislators propose safeguards against fraud, hidden fees, and deceptive practices following a rise in scams linked to digital currencies. Senator Dick Durbin has also introduced federal legislation targeting crypto scams involving ATMs, aiming to enforce transaction limits and provide refunds to scam victims. The FBI reported significant financial losses due to scams involving crypto ATMs in recent years, emphasizing the need for regulatory measures to protect consumers.

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